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Giyani Metals Announces Private Placement Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OAKVILLE, Ontario, April 04, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Cor
About this update from Giyani Metals Corp
[{"type":"text","content":" NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OAKVILLE, Ontario, April 04, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) announces that it is undertaking a non-brokered private placement of units to raise up to $1 million in immediate new funding. The Company is offering units at $0.16 per unit to accredited investors and other exempt purchasers, with each unit consisting of one (1) common share and one half (1/2) of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.275 per share for a period of 18 months from the closing of the private placement. Robin Birchall, CEO of the Company commented: \"The proceeds from this financing will be used to fund the planned reclamation and rehabilitation work, to further explore and evaluate the potential of our Kanye Basin, Botswana licenses and for general corporate purposes. The financing will provide Giyani with another cash resource in addition to the Convertible Loan note proceeds to comfortably accelerate our work program in what we believe is an exciting time for battery grade manganese as a commodity.” Completion of the private placement remains subject to receiving the approval of the TSX Venture Exchange, and, subject to receiving that approval, the closing on received subscriptions is expected on or about April 15, 2019. About Giyani Giyani Metals Corp. is a Canadian junior exploration company focused on creating shareholder value by accelerating the development of its high-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. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securit...