OAKVILLE, ON, June 18, 2012 /CNW/ - Giyani Gold Corp. (the "Company" or
"Giyani Gold") is pleased to announce that it has retained the services
of Vicarage Capital Limited Inc. ("Vicarage Capital") to support its
European based investor relations activities.
Vicarage Capital is a privately owned corporate development, investor
relations and stockbrokerage firm focused on supporting small and
mid-cap natural resource companies. Based in London, Vicarage Capital
has over 35 years' experience working with Canadian listed junior
mining companies and will provide Giyani Gold with additional coverage
of the European and Scandinavian investment community by increasing
awareness of Giyani Gold in those markets and by developing an investor
In consideration of the services to be provided, Giyani Gold has agreed
to a 12-month agreement commencing June 15, 2012 to pay a quarterly
retainer of $6,000 to Vicarage Capital. Giyani Gold has also agreed to
provide, subject to TSX Venture Exchange approval, 50,000 warrants to
Vicarage Capital. Each whole warrant will be exercisable by Vicarage
Capital at a price of $1.25 per Common Share for a period of 24 months
from the date of issuance.
Neither Vicarage Capital nor any of its principals or employees has any
interest, directly or indirectly, in Giyani Gold or its securities
(except for the warrants being issued as described above) or any right
or intent to acquire such an interest.
About Giyani Gold Corp.:
Giyani Gold is a publicly-traded junior exploration company focused on
building a portfolio of under explored, past producing gold assets.
Giyani Gold has entered into agreements to acquire five exploration
licenses in the Giyani Archean Greenstone Belt located in the
northeastern region of South Africa. These properties consist of more
than 170 square kilometers of highly prospective greenstone belt with
six past producing mines. Closing of these transactions remains subject
to satisfaction of various closing conditions.
Giyani Gold has also assembled approximately 100 square kilometers of
options and licenses within the western part of the Mishibishu
Greenstone Belt near Wawa, Ontario. This greenstone belt is known for
gold production with multiple operating mines in the region. These
properties cover a 20 kilometer strike length and host a quartz - eye
Additional information and corporate documents may be found on www.sedar.com and the Giyani gold website, www.giyanigold.com.
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
On behalf of the Board of
Giyani Gold Corp.
SOURCE GIYANI GOLD CORP.
For further information:
Giyani Gold Corp.