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Giyani Announces Upsized Marketed Private Placement Financing to $6.5 Million (In Canadian Dollars unless otherwise stated)
Giyani Announces Upsized Marketed Private Placement Financing to $6.5 Million (In Canadia...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n \n \n \n Giyani Announces Upsized Marketed Private Placement Financing to $6.5 Million (In Canadian Dollars unless otherwise stated)\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n TORONTO\n \n ,\n \n Dec. 9, 2020\n \n /CNW/ - Giyani Metals Corp. (TSXV: EMM) (GR: A2DUU8) (\"\n \n Giyani\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that in connection with its previously announced marketed financing, the Company and a syndicate of agents led by Cormark Securities Inc. (collectively the \"\n \n Agents\n \n \") have agreed to increase the size of the private placement offering of units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.20\n \n per Unit for aggregate gross proceeds to the Company of\n \n $6.5 million\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each full warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder to acquire one Common Share of the Company at an exercise price of\n \n $0.35\n \n for a period of 18 months following the closing of the Offering.\n \n \n The Company has granted the Agents an option, exercisable in whole or in part, in the sole discretion of the Agents, for a period of 30 days from and including the closing date of the Offering, to purchase additional Units, additional Common Shares and/or additional Warrants, in an aggregate amount not to exceed 15% of Units, Common Shares or Warrants sold pursuant to the Offering, on the same terms and at the same price as the Units, Common Shares and Warrants sold under the Offering.\n \n \n The net proceeds of the Offering will be used for drilling, demonstration plant (pilot plant), completion of feasibility study and other general corporate purposes.\n \n \n The Offering is subject to certain conditions including, but not limited to...