Guyana Precious Metals Inc. (TSXV: GPM) announced non-brokered private placement of 10,000,000 units at a price of $0.05 per unit for gross proceeds of $500,000 on January 12, 2018. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.10 per share for a period of 24 months from closing. Insiders of the company and their affiliates will purchase 8,000,000 units in the transaction. The transaction is expected to close on January 24, 2018. The transaction is subject to all applicable regulatory approvals.