Business
99 CAPITAL GIYANI ACQUISITION UPDATE
99 CAPITAL GIYANI ACQUISITION UPDATE
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n Nov. 24, 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, Nov. 24 /CNW/ - Further to the news release of October 6,\n 2010 and November 2, 2010, 99 Capital Corporation (the "Company") is\n pleased to announce conditional approval has been granted by the TSX\n Venture Exchange ("TSX-V") for the acquisition of the Giyani Gold\n project. The conditions include - among others - review and approval of\n the National Instrument 43-101 ("NI 43-101") Technical Report, the\n delivery of a satisfactory title opinion, and consolidated financial\n statements of the entities being acquired.\n\n\nThe Company's Executive Management are currently in South Africa working\n towards the completion of the transaction.  In accordance with the\n conditional approval, the Company has delivered a NI 43-101 Technical\n Report for review. While the Company continues with its due diligence\n process and finalizes the transaction, the Company and the vendor have\n agreed to extend the deadline for closing the transaction until\n December 31, 2010 to facilitate all matters pertaining to the closing\n of the transaction.  Additionally, the Company is in the process of\n seeking the approval of the investors in its recent private placement\n acquisition financing to extend the escrow release date of that\n financing to accommodate the new closing deadline.\n\n\nAbout the Giyani Gold Project: This strategic lan...