Sept 4 (Reuters) - Guyana Goldfields Inc GUY.TO :
* GUYANA GOLDFIELDS TO REALIZE GROSS PROCEEDS OF US$35 MILLION CASH FROM SALE OF SOLGOLD INVESTMENT
* GUYANA GOLDFIELDS INC SAYS HAS ENTERED INTO A DEFINITIVE AGREEMENT WITH BHP BILLITON PLC TO SELL ITS 6.1% INTEREST IN SOLGOLD PLC
* GUYANA GOLDFIELDS -BHP WILL ACQUIRE GGI'S ENTIRE STAKE OF 103,125,000 SHARES IN SOLGOLD FOR PURCHASE PRICE OF £27,423,000 OR £0.26592 PER SHARE