Business
Giyani Gold Announces Non-Brokered Private Placement
OAKVILLE, ON, June 23, 2014 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE: GIY, NSX: GGC)...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\nOAKVILLE, ON, June 23, 2014 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE: GIY, NSX: GGC) (\"Giyani Gold\") is pleased to announce it will be conducting a non-brokered private placement of up to 2 million common shares of Giyani Gold for gross proceeds of up to $600,000. The offering (the \"Offering\") will consist of up to 2 million units (the \"Units\"), priced at $0.30 per Unit, with each Unit consisting of one common share and one common share purchase warrant, with each common share purchase warrant exercisable by the holder thereof at a price of $0.45 per common share for a period of 24 months from the date of issuance.\n\nProceeds from the Offering will be used for general working capital purposes and to close the proposed transaction between Giyani Gold and a private international energy company (see News Release dated June 16, 2014). \n\nThe Offering is being conducted on a private placement basis to purchasers that qualify as \"accredited investors\" under applicable Canadian securities laws. Accordingly, the securities of Giyani Gold being issued pursuant to the Offering will be issued in reliance upon exemptions from the prospectus and registration requirements of applicable Canadian securities legislation and will be subject to a four-month plus a day hold period from the date of issuance.\n\nGiyani Gold intends on providing notice to the TSX Venture Exchange with respect to the Offering as soon as reasonably practicable. The closing of the Offering is subject to certain customary conditions, including approval of the TSX Venture Exchange. The Offering is expected to close on or before July 30, 2014.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.\n\nOn behalf of the Board of Directors of Giyani Gold Corp.(signed) \"Duane Parnham\"Duane Parnham, Executive Chairman\n\nForward Looking StatementsThis news release contains certain statements that may be deemed \"forward-looking statements\". Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words \"expects\", \"plans\", \"anticipates\", \"believes\", \"intends\", \"estimates\", \"projects\", \"potential\" and similar expressi...