Early Warning Report
Vancouver, British Columbia- November 7, 2019- Hugh Maddin (the "Shareholder"), of 2489 Bellevue Avenue, West Vancouver, B.C, V7V 1E1 has disposed of 3,636,875 common shares ("Common Shares") of Guyana Goldstrike Inc. (the "Issuer") held through his holding company Cambrian Capital Corp. The Common Shares were disposed of on November 5, 2019 through a private transaction between the Shareholder and a third party at $0.04 per share for consideration of $145,475.
Prior to the disposition, the Shareholder beneficially owned, or exercised control or direction over, 9,325,625 Common Shares (or 15.9% of the issued and outstanding Common Shares of the Issuer). Following the disposition, the Shareholder beneficially owns, or exercises control or direction over, 5,688,750 Common Shares (or 9.7% of the issued and outstanding Common Shares of the Issuer). In addition to the Common Shares, the Shareholder holds 916,875 share purchase warrants. The Shareholder has signed an Warrant Exercise Agreement which states that the Shareholder will only be permitted to exercise that number of warrants which will result, when such common shares are issued, in the Shareholder’s total shareholdings not exceeding ten (10%) percent of the company’s issued and outstanding shares as of the date of the warrant exercise . The Shareholder disposed of the Common Shares of the Issuer to generate capital and may from time to time increase or decrease his ownership or control of shares of the Issuer depending on market or other conditions.
A copy of the Shareholder's early warning report may be obtained on the Issuer's SEDAR profile or by contacting the Shareholder at [email protected]