April 29 (Reuters) - Guyana Goldfields Inc GUY.TO :
* GUYANA GOLDFIELDS INC. REACHES SETTLEMENT OF PROXY CONTEST
* GUYANA GOLDFIELDS INC - REACHED A SETTLEMENT WITH A GROUP OF SHAREHOLDERS WHO HAD REQUISITIONED A SPECIAL MEETING OF COMPANY'S SHAREHOLDERS
* GUYANA GOLDFIELDS INC - COMPANY WILL APPOINT TWO MINING EXECUTIVES, ALAN PANGBOURNE AND ALLEN PALMIERE
* GUYANA GOLDFIELDS INC - APPOINT TWO MINING EXECUTIVES, ALAN PANGBOURNE AND ALLEN PALMIERE, TO JOIN BOARD AS INDEPENDENT DIRECTORS
* GUYANA GOLDFIELDS INC - TWO LONG-SERVING INDEPENDENT DIRECTORS WILL STEP DOWN
* GUYANA GOLDFIELDS INC - WILL ALSO IMPLEMENT A SUCCESSION PLAN FOR ROLE OF CHIEF EXECUTIVE OFFICER