Guayana Precious Metals acquires DPG Resources

Guyana Precious Metals Inc. is acquiring DPG Resources Inc. in a stock deal.

Guyana (CVE:GPM) was up 27% to 7 cents a share during mid-morning trading.

DPG Resources shareholders will get 18.7 million common shares and 18.7 million share purchase warrants from Guyana.

No changes in management was announced after the deal. Peter Mullens, the President of DPG, has remained in that capacity and will continue to seek out acquisitions of mineral exploration properties.

Guyana Precious Metals is a Canadian-based mineral exploration company focused on acquiring key gold exploration and development properties in the country of Guyana, South America.

DPG is an Ontario-based private company engaged in the conduct of research and negotiations for the acquisition of properties which are prospective for mineral resources.