George Milton

March 31, 2009 20:31 ET

George Milton: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - George Milton ("Milton") has acquired ownership of a total of 1,764,100 common shares (the "Shares") of Greystar Resources Ltd. ("Greystar") (TSX and AIM: GSL) pursuant to a series of transactions through the facilities of the Toronto Stock Exchange and AIM of the London Stock Exchange for an average price of Cdn$0.97 per share, ranging in price from Cdn$0.62 to $3.55 per share.

After giving effect to these acquisitions, Milton has beneficial ownership, direction or control over an aggregate of 6,002,861 common shares of Greystar, representing approximately 11.4% of its outstanding shares.

Milton acquired the Shares for investment purposes and may, in the future, acquire ownership of, or control or direction over, additional securities of Greystar, but has no present intention to do so.

A copy of the early warning report in respect of these acquisitions has been filed with the applicable securities commissions and can be found at www.sedar.com.

Contact Information

  • George Milton
    Oceano Altas Lot 13, Palmilla
    San Jose del Cabo BCS, 23400
    Mexico