LIMA, Peru, May 16, 2012 (GLOBE NEWSWIRE) -- The Graystone Company (OTCQB:GYSTD), announced today that it has completed initial discussions for a financing transaction of up to $2,000,000. The Company is in the process of completing an S-1 to be filed with the United States Securities and Exchange Commission to complete the financing transaction. The Company expects to have the S-1 filed in the next 45 days.
The financing will be used to acquire the necessary heavy equipment and to complete the environmental impact study on its claims.
About The Graystone Company. The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold.
The Graystone Company, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12842
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