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.



Read more: Harper announces funding for mining school at Yukon College


Prime Minister Stephen Harper continued his six-day Northern Tour Monday by announcing federal funding for a new mining education and jobs program at Yukon College in Whitehorse.
Speaking at the local Quantum Machine Works factory, Harper announced $5.6 million in funding over four years to contribute to the construction of the Centre for Northern Innovation in Mining at Yukon College's Ayamdigut Campus in Whitehorse.
The centre will be a "one-stop state-of-the-art education, training and research facility for people looking to begin a career in the mining industry as well as for those who want to improve their skills," a government-issued press release outlining the funding reads.

Northern Tour continues

At the event on Monday the prime minister was joined by Environment Minister Leona Aglukkaq, Natural Resources Minister Joe Oliver, Minister of Aboriginal Affairs and Northern Development Bernard Valcourt, Senator Daniel Lang and Ryan Leef, Conservative MP for Yukon.
The centre is expected to create 40 construction jobs and generate up to 520 trades, mining and apprenticeship graduates over the next five years, the federal government said. Hundreds of other students are expected to take credit courses at the centre, the government said.
Yukon's mining industry is expected to need up to 1,700 new workers to meet its needs by 2022, the Prime Minister said in prepared remarks.
Harper is on his eighth annual Northern Tour. He will spend the next six days touring various communities, from Yukon to Northern Quebec. After events in Whitehorse are completed, he is expected to speak in Hay River, N.W.T. on Tuesday.