GSL Greystar

 
TIDMGSL 
 
Greystar Resources Accelerates Expiry of Warrants 
FOR:  GREYSTAR RESOURCES LTD. 
 
TSX, AIM SYMBOL:  GSL 
 
December 8, 2009 
 
Greystar Resources Accelerates Expiry of Warrants 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2009) - Greystar Resources Ltd. (the "Company") 
(TSX:GSL)(AIM:GSL) announces that it has elected to accelerate the expiry of 9,035,714 warrants 
("Warrants") to purchase common shares ("Common Shares") of the Company issued on September 29, 2009 
as part of a public offering of units of the Company. Each Warrant entitles the holder to purchase one 
Common Share at a price of C$4.30 per share. The Warrants will now expire on January 7, 2010. If all 
of the Warrants are exercised, the Company will receive gross proceeds of approximately C$38,853,000. 
The net proceeds of the Warrant exercises will be used to advance the Company's Angostura Gold-Silver 
Project and for working capital purposes. 
 
Pursuant to the warrant indenture governing the Warrants, the Company has the right to accelerate the 
expiry date of the Warrants in the event that the Common Shares trade at a closing price of greater 
than C$5.00 on the Toronto Stock Exchange for twenty (20) or more consecutive trading days (the 
"Acceleration Event"). To exercise this right, the Company must, within five business days of the 
Acceleration Event, elect to accelerate the Expiry Date of the Warrants by giving notice to the 
holders ("Notice"), by way of news release in which case the Expiry Date of the Warrants is 
accelerated to the date that is twenty (20) business days after the date on which the Notice is given. 
 
This news release constitutes Notice that the Acceleration Event has occurred, in that the closing 
price of the Common Shares on the Toronto Stock Exchange has been greater than C$5.00 for twenty (20) 
or more consecutive trading days, and the Company has elected to accelerate the Expiry Date of the 
Warrants. 
 
Warrant holders may exercise their rights to acquire Common Shares by duly completing and executing 
the exercise form attached to the Warrant Certificate representing their Warrants before 5:00 p.m. 
(Vancouver time) on January 7, 2010 and surrendering the Warrant Certificate to Computershare Trust 
Company of Canada (the "Warrant Agent") together with a certified cheque, money order or bank draft in 
lawful money of Canada payable to or to the order of the Company at par at the principal office of the 
Warrant Agent in the City of Vancouver for the aggregate exercise price for the Common Shares 
subscribed for. 
 
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. 
 
Forward-Looking Statements 
 
Certain statements in this news release are "forward-looking" within the meaning of Canadian 
securities legislation. They include statements regarding the intended use of proceeds of the Warrant 
exercises. 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. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Greystar Resources Ltd. - Contact in North America 
Mr. Geoff Chater 
VP 
(604) 614-7830 
www.greystarresources.com 
 
OR 
 
NCB Stockbrokers Limited - Contact in 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