Canada promoting investment in Guyana, says new High Commissioner

David Devine

Canadian companies are pumping millions of dollars into the oil exploration and mining industries and efforts are being made to bring more firms onboard, new Canadian High Commissioner David Devine said yesterday.

Speaking at a Guyana Manufacturing and Services Association Limited (GMSA) business luncheon yesterday, he singled out oil exploration company CGX, which has invested close to CDN$200 million here within the last decade and has signalled its intention to invest a further CDN$92 million. Another company, Sandspring Resources Inc.,