Business
Giyani Gold Lists on the Johannesburg Stock Exchange
OAKVILLE, ON, June 25, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE: GIY) ("Giyani Gold...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\nOAKVILLE, ON, June 25, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE:\n GIY) (\"Giyani Gold\") is pleased to announce that it will be listed on\n the AltX board of the Johannesburg Stock Exchange (JSE) under the\n symbol \"GIY\" as of 9:00am South African Standard time on Wednesday,\n June 26.\n\n\n\"This Listing will provide the company with an additional platform to\n raise capital for growth in addition to raising the company's profile\n and investor base in the region. This listing will facilitate further\n BEE involvement in the company and we're very pleased that Southern\n African investors will benefit from the development of the region's\n national resources,\" says Charles Allen, President of Giyani Gold.\n\n\nThe company's activities are currently focused on gold exploration in\n the Giyani Greenstone Belt in Limpopo - an area with historic gold\n production at shallow depths that have not been extensively mined.\n While there are no active mines in the area, there are at least five\n past-producing mines where the company is currently conducting\n exploration. Giyani Gold has applied for prospecting rights over a\n large area within the Giyani Greenstone Belt, where 25 past-producing\n mines once operated, and owns stakes in various companies with\n prospecting rights in the area. Giyani Gold is in a joint venture with\n Corridor Mining Resources, a company owned by the Limpopo Economic\n Development Enterprise, and is in a BEE partnership with Malugani\n Resources Proprietary Limited. Additional shareholder value will be\n generated from Giyani Gold's Canadian exploration assets which in the\n near term will be transferred into a separate Canadian public entity of\n which Giyani Gold will hold a majority interest ownership. Giyani\n Gold's management team specialises in developing undervalued mining\n properties and is positioning Giyani Gold for strategic growth in\n Southern Africa.\n\n\nHaving founded and developed a number of mining companies, Duane\n Parnham, Executive Chairman, brings a geological team with North\n American experience in developing greenstone deposits to South Africa.\n Mr. Parnham adds, \"We have a proven track record working on greenstone\n belts and making use of the latest technology to firm up geological\n models and fast-track new discoveries.\" Giyani Gold's board and\n managemen...