Giyani Closes the Historical K. Hill Manganese Mine Acquisition
(firmenpresse) - OAKVILLE, ONTARIO -- (Marketwired) -- 07/13/17 -- Giyani Gold Corporation (TSX VENTURE: WDG)(FRANKFURT: KT9) ("Giyani" or the "Company") is pleased to announce the acquisition of seven new prospecting licenses in the Kanye Basin, Southeastern Botswana. Giyani signed a definitive agreement (the "Agreement") with Marcelle Holdings (Pty) Limited ("Marcelle") to acquire an 88% interest in seven prospecting licences (PL294/2016 to PL300/2016 inclusive) by making cash payments totaling BWP 980,000 Botswana Pula. Additionally, the Agreement also includes the completion of the acquisition of 100% interest in five prospecting licences (PL336/2016 to PL340/2016 inclusive) from Marcelle, and 88% interest in one prospecting licence (PL322/2016) from Everbroad Investments (Pty) Limited ("Everbroad) previously announced on 2017/April/11. The Agreement also includes the acquisition of 100% interest in Menzi Battery (Pty) Limited ("Menzi"), a company incorporated in accordance with the laws of Botswana by issuing two million common shares of Giyani to Mr. Arnoldus Brand, subject to regulatory approval.
Under the Agreement:
"Completing this acquisition is a significant milestone on our path to become the world''s leading supplier of high-grade feedstock manganese ore. It establishes Giyani as the majority owner of a large land package with an area totaling 814,000 HA (8,140 Square Kilometers) in and around the past producing K.Hill manganese mine, southern Botswana." said Wajd Boubou, President.
Giyani is currently executing a regional sampling and mapping program on the property along with selective bulk sampling and metallurgical testing to better understand the size and chemical properties of the deposit and will publish lab analysis results from the second batch of samples within the next few days.
Additional information and corporate documents may be found on and on the Giyani website: . Associated maps to this release may be found on the Company''s website
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.
On behalf of the Board of Directors of Giyani Gold Corporation.
Duane Parnham, Executive Chairman & CEO
Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the financial picture of the Company etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Contacts:
Giyani Gold Corporation
Wajd Boubou
President
1.289.837.0066
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Datum: 12.07.2017 - 22:01 Uhr
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News-ID 1513288
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