Guyana Goldstrike Inc (fka GYNAF)

[mtlebomac]

Guyana Goldstrike Re-Elects Board Members at Annual General Meeting and Closes Second Tranche of Private Placement

January 19, 2018 / TheNewswire / Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or "Guyana Goldstrike") (TSXV: GYA, OTC: GYNAF, FSE: 1ZT) is pleased to announce that all matters presented to shareholders at its annual general meeting held on January 15th were approved, and the current board of directors was re-elected.

The Company has also completed a second tranche of its previously announced private placement for gross proceeds of $125,000. On completion of this tranche, the Company issued 416,667 units at a price of $0.30 per unit. Each "unit" consists of one common share of the company and one-half-of-one common share purchase warrant. Each whole warrant is exercisable to acquire an additional common share of the Company at a price of $0.40 for a period of twenty-four months, subject to accelerated expiry in the event the closing price of the Company's common shares is $0.75 or greater for ten consecutive trading days.

In connection with completion of this tranche, the Company paid finder's fees of $1,200 and issued 4,000 broker warrants to an arm's-length finder who introduced a subscriber to the placement. Each broker warrant is exercisable on the same terms as the warrants. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

http://www.guyanagoldstrike.com/index.php/news/2018-news-release/81-