Business
Giyani Metals And Traxys Extend Term Sheet and Timeline To Complete Convertible Loan Facility and Marketing Agreement Documentation
OAKVILLE, Ontario, April 01, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Corp. April 1, 2019 (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) anno
About this update from Giyani Metals Corp
[{"type":"text","content":" OAKVILLE, Ontario, April 01, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Corp. April 1, 2019 (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) announces an extension to the previously announced non-binding term sheet (“Term Sheet”) it executed with Traxys Africa Trading (Pty) Ltd. (“Traxys”). The Term Sheet was signed on January 25, 2019 and provided a 60-day period to complete due diligence and definitive documentation. Due to operational reasons, Giyani and Traxys have mutually agreed to extend the duration of the Term Sheet to May 17, 2019, or such other date to be mutually agreed upon, to allow for the completion of the on-going technical and legal due diligence by both parties, and completion of definitive documentation. All other terms and conditions of the Term Sheet, including the proposed terms of the convertible loan facility and marketing agreement, are unchanged. About Giyani Giyani Metals Corp. is a Canadian junior exploration company focused on creating shareholder value by accelerating the development of its battery-grade manganese project in the Kanye Basin, Botswana, Africa. Additional information and corporate documents may be found on www.sedar.com and on Giyani Metals Corp. website: http://giyanimetals.com/. On behalf of the Board of Directors of Giyani Metals Corp. Robin Birchall, CEO Contact:Giyani Metals CorporationRobin BirchallCEO, Director+447711313019 [email protected] Neither 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. Forward Looking Information This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements in this news release, other than statements of historical fact, that address events or developments that Giyani expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar expressions, or that events or conditions “will”, “wou...