Business
99 CAPITAL CORPORATION CLOSES PRIVATE PLACEMENT
99 CAPITAL CORPORATION CLOSES PRIVATE PLACEMENT
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n Oct. 25, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTrading Symbol:  WDG - (TSX.V)\n\n\nVANCOUVER, Oct. 25 /CNW/ - 99 Capital Corporation (the "Company") is\n pleased to announce that it has closed a non-brokered private placement\n of CAD$9 million (the "Offering") announced on October 6, 2010.  The\n Offering consisted of CAD$1 million of flow-through common shares (the\n "Flow-Through Offering").  The Offering also consisted of CAD$8 million\n of units (the "Unit Offering") raised in connection with an agreement\n by the Company to acquire, subject to TSX Venture Exchange approval, a\n 66.5% interest (the "Transaction") in six historically past-producing\n gold mines located in the Giyani Greenstone belt of South Africa (the\n "Giyani Gold Project"). Giyani is in the Limpopo province, and the\n Giyani Gold Project properties include the Klein Letaba, Frankie,\n Horseshoe 1 & 2, Birthday, and Louis Moore and are located in an area\n which has historically contained high grade, near surface,\n multi-million ounce deposits.  The Offering is subject to the final\n acceptance of the TSX Venture Exchange.\n\n\nNo new insiders were created, nor any change of control occurred, as a\n result of the Offering, and no finder's fees or commissions were paid\n in connection with this Offering.\n\n\nThe Unit Offering was priced at CAD$0.60 per unit, each unit consisting\n of one common share and o...