Guyana Frontier Announces Closing of Private Placement

- August 5th, 2011

Guyana Frontier Mining Corp. (CVE:GYG) reports that it has completed a non-brokered private placement to raise aggregate gross proceeds of $1,353,665.

Guyana Frontier Mining Corp. (TSXV:GYG) reports that it has completed a non-brokered private placement to raise aggregate gross proceeds of $1,353,665.

The press release is quoted as saying:

The proceeds of the Private Placement will be used for exploration of Guyana Frontier’s mineral properties and for general working capital purposes. All securities issued in connection with the Private Placement will be subject to a four-month hold period pursuant to applicable securities laws, expiring on November 29, 2011 in the case of securities issued in connection with the First Tranche, and December 5, 2011 in the case of securities issued in connection with the Second Tranche.

Click here to access the entire news release.

Click here to access Guyana Frontier’s company profile.(TSXV:GYG)

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