The Bidding War For Guyana Goldfields Continues

Guyana Goldfields Inc. announces that it has received a binding proposal from a foreign-based multinational mining company (“New Offeror”) for the acquisition of all of the issued and outstanding common shares of the Company not already owned by the “New Offeror” way of a plan of arrangement. The Board of Directors of the Company has unanimously determined, after consultation with its financial and legal advisors, that the New Offer constitutes a “Superior Proposal.”