The Graystone Company Announces $2,000,000 Financing Deal for Its Operations in Peru


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

Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.



            

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