GSL Greystar

 
TIDMGSL 
 
Greystar Resources Ltd. Closes C$63,250,000 Public Offering 
FOR:  GREYSTAR RESOURCES LTD. 
 
TSX, AIM SYMBOL:  GSL 
 
September 29, 2009 
 
Greystar Resources Ltd. Closes C$63,250,000 Public Offering 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2009) - 
 
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED 
STATES. 
 
Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) is pleased to report that it has closed the 
previously announced best efforts public offering (the "Offering") of units of the Company (the 
"Units") at a price of C$3.50 per Unit. The Company filed a final short form prospectus with the 
securities regulatory authorities in the Provinces of British Columbia, Alberta, Ontario and Nova 
Scotia in connection with the Offering on September 22, 2009. With the exercise in full of the over- 
allotment option, a total of 18,071,429 units were issued for gross proceeds of C$63,250,001.50. 
 
Each Unit consists of one common share of the Company (a "Common Share") and one-half of one 
transferable common share purchase warrant (a "Warrant"). Subject to the acceleration right described 
below, each whole Warrant entitles the holder to purchase one Common Share on or before September 29, 
2010 at a price of C$4.30 per share. If, at any time, the closing price of the Common Shares on the 
Toronto Stock Exchange is greater than C$5.00 for 20 or more consecutive trading days, the Company has 
the right, on notice to the warrant holders within five business days of such event, to accelerate the 
expiry date of the Warrants to 20 business days following the date of such notice. 
 
The Offering was led by Jennings Capital Inc. with a syndicate comprising Scotia Capital Inc. and GMP 
Securities L.P. (collectively, the "Agents") with Numis Securities Limited as special selling group 
member. The Agents' compensation consisted of a cash commission equal to 5% of the gross proceeds of 
the Offering and the issuance of 903,571 warrants. Each such warrant will entitle the Agents to 
acquire one Unit at a price of C$3.50 per Unit on or before September 29, 2010. 
 
The net proceeds of the Offering will be used to advance the Company's Angostura Gold-Silver Project, 
including completion of phase two of the definitive feasibility study, initial design, further 
exploration and for working capital purposes. 
 
About Greystar Resources Ltd. 
 
Greystar Resources Ltd. is a precious metals exploration and development company that is currently 
completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit 
in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions 
average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over 
a 15 year mine life. 
 
This press release is not an offer of securities for sale or solicitation of an offer of securities 
for sale in the United States or in any other jurisdiction in which such offer, solicitation or sale 
would be unlawful. The Company's securities have not been, nor will be, registered under the United 
States Securities Act of 1933, as amended, (the "US Securities Act") or state securities laws and may 
not be offered or sold in the United States or to US persons absent registration under the US 
Securities Act and state securities laws or applicable exemptions from the registration requirements 
of such laws. 
 
Forward-Looking Statements 
 
Certain statements in this press release are "forward-looking" within the meaning of Canadian 
securities legislation. They include statements regarding the use of proceeds of the financing and 
estimated mineral resources. Forward-looking statements are necessarily based upon a number of 
estimates and assumptions that, while considered reasonable by the Company, are inherently subject to 
significant business, economic, competitive, political and social uncertainties and other 
contingencies. Many factors could cause the Company's actual results to differ materially from those 
expressed or implied in the forward-looking statements. These factors include, among others, 
conclusions or realization of mineral resources, the actual results of exploration activities, 
possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, 
risks relating to additional funding requirements, political and foreign risks, production risks, 
environmental regulation and liability, government regulation as well as other risk factors set out 
under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 
which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on 
forward-looking statements due to the inherent uncertainty therein. 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Greystar Resources Ltd. - Canada 
Mr. David Rovig 
President 
(406) 245-9520 
 
OR 
 
Greystar Resources Ltd. - Canada 
Mr. Andreas Curkovic 
Investor Relations 
(416) 577-9927 
www.greystarresources.com 
 
OR 
 
NCB Stockbrokers Limited - London 
Christopher Caldwell 
+44 (0) 20 7071 5200 
Christopher.Caldwell@ncb.ie 
 
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and 
neither accepts responsibility for the adequacy or accuracy of this news release. 
 
 
Greystar Resources Ltd. 
 

Greystar (LSE:GSL)
Historical Stock Chart
From Oct 2024 to Nov 2024

Greystar (LSE:GSL)
Historical Stock Chart
From Nov 2023 to Nov 2024