Business
GUYANA PRECIOUS METALS ANNOUNCES TAKARA RESOURCES PROVIDES NOTICE TO PURCHASE ARAKAKA PROPERTY
May 19, 2011 (Canada NewsWire Group) -- TORONTO, May 19 /CNW/ - GUYANA PRECIOUS METALS INC. ...
About this update from Gpm Metals Inc.
[{"type":"text","content":"\n\n\n May 19, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, May 19 /CNW/ - GUYANA PRECIOUS METALS INC. (TSX-V:GPM) ("GPM") announces that Takara Resources Inc. ("Takara") (TSX-V:TKK) has elected by notice received by GPM on May 18, 2011, to\n purchase the 70.1% interest held by Guyana Goldfields Inc. in the\n Arakaka Property located in Guyana as per the terms previously noted in\n a press release dated April 26, 2011.\n\n\nCompletion of the Arakaka Property purchase by GPM was subject to the\n expiry or waiver of 30 day rights to acquire the Arakaka Property in\n favour of the former and current venture partners in the Arakaka\n Property, including Takara.\n\n\nAbout Guyana Precious Metals Inc.\n\n\nGPM is a Canadian based exploration and development company. GPM\n presently controls and holds the Coppermine River Project, Nunavut\n Territory and the Rory Claims, Yukon Territory. Both of these projects\n are described as Copper-Nickel-Platinum-Palladium prospects.\n\n\nForward Looking Statements - Certain information set forth in this news\n release may contain forward-looking statements that involve substantial\n known and unknown risks and uncertainties. These forward-looking\n statements are subject to numerous risks and uncertainties, certain of\n which are beyond the control of GPM, including, but not limited to the\n impact of general economic conditions, industry conditions, volatility\n of commodity prices, risks associated with the unce...