Business
Giyani Gold's Rock Island Receives DMR Deed of Approval Renewal and Grants Options
OAKVILLE, ON, July 11, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG) ("Giyani Gold") is please...
About this update from Giyani Metals Corp
[{"type":"text","content":"\n\n\n\n\n\nOAKVILLE, ON, July 11, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG)\n (\"Giyani Gold\") is pleased to announce that the South African\n Department of Mineral Resources has delivered the deed of renewal of\n Prospecting Right LP 306 PR, a prospecting license covering the Louis\n Moore mining property, and Prospecting Right LP 310 PR, a prospecting\n license encompassing the Klein Letaba, Frankie, Birthday, and Horseshoe\n mining properties,  to Rock Island Trading 17 (Pty.) Ltd. (\"Rock\n Island\") has been executed and delivered.  Both prospecting licenses\n encompass a number of former producing mines. \n\n\nGiyani Gold will now proceed with closing of the Rock Island transaction\n which remains subject to the satisfaction of certain conditions,\n including receiving the final approval of the TSX Venture Exchange\n Inc. \n\n\nGrant of Options\n\n\nGiyani Gold also announces it has granted 1,575,000 options to members\n of Giyani Gold's board of directors, management team, employees and\n consultants. Each option is exercisable at $1.30 per common share which\n reflects a 13% increase over the closing price of Giyani Gold shares on\n July 10, 2012.  All options vest immediately and expiring July 10th, 2017.\n\n\nIn addition, 50,000 options were granted to Vicarage Capital Limited (as\n opposed to the warrants originally announced - see news release dated\n June 18, 2012).  The vesting of these options will be granted on a\n quarterly basis over a 12 month period.\n\n\nAdditional information and corporate documents may be found on www.sedar.com and the Giyani gold website, www.giyanigold.com.\n\n\nNeither the TSX Venture Exchange Inc. nor its Regulation Services\n Provider (as that term is defined in the policies of the TSX Venture\n Exchange) accepts responsibility for the adequacy or accuracy of this\n news release.\n\n\nOn behalf of the Board of\nGiyani Gold Corp.\"Duane Parnham\"\nExecutive Chairman\n\n\n\n\n\nThis news release includes certain forward-looking statements or\n information. All statements other than statements of historical fact\n included in this release or other future plans, objectives or\n expectations of Giyani Gold Corp. are forward-looking statements that\n involve various risks and uncertainties. There can be no assurance that\n such statements will prove to ...