Greystar Resources Ltd.
LSE : GSL

May 03, 2011 02:00 ET

Greystar Resources Ltd.: Notice of Cancellation of AIM Listing

FOR:  GREYSTAR RESOURCES LTD.
TSX, AIM SYMBOL:  GSL
May 3, 2011
Greystar Resources Ltd.: Notice of Cancellation of AIM Listing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL)
("Greystar" or the "Company") hereby notifies shareholders and the market that the Company has decided to
cancel the admission of its common shares to trading on the AIM Market of the London Stock Exchange ("AIM")
with effect from 7:00 a.m. (BST) on 3 June 2011 (the "Cancellation Date"). Greystar will continue to maintain
its primary listing on the Toronto Stock Exchange ("TSX").
The last trading day on AIM will be 2 June 2011. Prior to the Cancellation Date, the Company's common shares
will continue to be traded on AIM and the TSX on an uninterrupted basis.
This decision has been made following a review of the Company's AIM listing by the Company's Board of Directors
and discussions with its advisers. Given the Company's Canadian focused shareholder base, as well as the
relatively low volume of trading in shares on AIM, the Board concluded that the costs incurred in maintaining a
secondary listing on AIM exceed the benefits obtained from the listing. On this basis, the Board considers it
in the best interests of the Company to seek a cancellation of its common shares from trading on AIM.
Shareholders holding shares on the CREST Depositary Interest ("CDI") wishing to trade the Company's common
shares after the Cancellation Date will be able to do so through the TSX, a comparable dealing facility and AIM
designated market. Shareholders should not therefore be materially prejudiced by the cancellation of the AIM
listing. CDI holders will not be required to move their holdings from CREST until such time as they wish to
trade their shares. Shareholders are advised to consult their stockbroker or other independent professional
adviser for the procedure to follow.
Forward-Looking Statements
Certain statements in this news release are "forward-looking" within the meaning of Canadian securities
legislation. They include statements about the timing of and process for the cancellation of the AIM listing.
Many factors could cause the Company's actual results to differ materially from those expressed or implied in
the forward-looking statements. These factors include, among others, risk factors set out under the heading
"Risk Factors" in the Annual Information Form dated March 25, 2011 which is available on SEDAR at
www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the
inherent uncertainty therein. The forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to update publicly or to revise any
of the forward-looking statements made herein, whether as a result of new information, future events or
otherwise, except as may be required by applicable securities law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Greystar Resources Contact:
David B. Rovig
Interim CEO
+ 406 245 9520
rovigminerals@imt.net
www.greystarresources.com
OR
Investor Relations Contact:
4C Communications
Carina Corbett
+44 (0) 20 3170 7973
Corbett@4communications.com
OR
London NOMAD Contacts:
Evolution Securities
Jeremy Ellis or Romil Patel or Andrew Dacey
+44 207 0714300
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither
accepts responsibility for the adequacy or accuracy of this news release.

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