Greystar Resources Warrants to Expire January 7, 2010
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) reminds shareholders that pursuant to its press release of December 8, 2009, it 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.