Lima, Peru, Jan. 22, 2013 (GLOBE NEWSWIRE) -- Lima, Peru, January 22, 2013 -- The Graystone Company (OTCQB: GYST) announced today that the Company's Peruvian wholly owned subsidiary, Grupo Mineral Inca S.A., has retained the services of a firm to conduct the Corrective Environmental Management Instrument (a/k/a environmental impact study) on its mining properties Gorilla, Graystone 2 and Graystone 4.
The Company expects to submit the record of Corrective Environmental Management Instrument by February 5, 2013 and file the final Corrective Environmental Management Instrument in approximately 7 months. The costs associated with the Corrective Environmental Management Instrument are $56,000, which the Company's officers agreed to lend the Company if necessary.
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 Company sells gold and silver to retail buyers via www.graystonegold.com.
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.
Source: TheGraystone Company, Inc.