Armed forces chief of staff General Verissimo Correia, leader of last year's coup that ousted President Kumba Yala, and another unnamed officer were killed on Wednesday morning.
Heavily-armed soldiers took over key buildings before dawn and fired off rounds in the direction of the military headquarters in capital Bissau.
A diplomat said the protesters were mostly young recruits, among the 650 soldiers who were sent to Liberia in August last year as rebels closed in on the capital Monrovia.
Later in the day, talks began between the government, the United Nations and the leader of the renegade troops to broker a deal to pay the soldiers.
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Guinea-Bissau is a poor country on Africa's Atlantic coast |