Business
Giyani Gold Announces Closing of Flow-Through Private Placement
OAKVILLE, ON, Dec. 30, 2011 /CNW/ - Giyani Gold Corp. (TSXV: WDG) (the "Company") announced...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nOAKVILLE, ON, Dec. 30, 2011 /CNW/ - Giyani Gold Corp. (TSXV: WDG) (the\n \"Company\") announced today that it has successfully closed its\n previously announced private placement (the \"Flow-Through Private\n Placement\") of common shares (the \"Common Shares\") issued on a\n flow-through basis pursuant to the Income Tax Act (Canada). Each Common Share was issued at a subscription price of $1.15\n to purchasers that qualified as \"accredited investors\" under applicable\n Canadian securities laws. The Flow-Through Private Placement consisted\n of 1,235,913 Common Shares being issued for total gross proceeds of\n approximately $1,421,300. In connection with the Flow-Through Private\n Placement, the Company has paid finder's fees or commissions of $16,100\n from current cash resources to investment dealers permitted to receive\n the same under applicable Canadian securities laws.\n\n\nThe Company has extended the closing date of the private placement of\n units (the \"Units\") (as previously announced on December 13, 2011) (the\n \"Unit Private Placement\"), and expects to close the Unit Private\n Placement on or about January 12, 2012. Each Unit will be issued at\n $1.15 per Unit, and is composed of one Common Share and one half Common\n Share purchase warrant (each full warrant, a \"Warrant\"). Each Warrant\n will be exercisable into one Common Share for a period of 18 months\n from the issue date at a price of $1.40.\n\n\nThe Company has received final acceptance from the TSX Venture Exchange\n of the securities being issued pursuant to the Flow-Through Private\n Placement and the Unit Private Placement. Such securities will be\n issued in reliance upon exemptions from the prospectus and registration\n requirements of applicable Canadian securities legislation, and will be\n subject to a hold period until May 1, 2012.\n\n\nAll amounts are in Canadian dollars.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this news\n release.\n\n\nOn behalf of the Board of\nGiyani Gold Corp.,\"Duane Parnham\"\nExecutive Chairman\n\n\nThis news release contains forward-looking statements and factual\n information that are current as of the date the news release was\n originally d...