OAKVILLE, ON, July 4, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE:
GIY, NSX:GGC) ("Giyani Gold") is pleased to announce that it is
officially listing on the Alternative Investment Board ("AIX") of the
Namibian Stock Exchange ("NSX"), the second largest Exchange in Africa
by market capitalization, under the symbol "GGC" as of 8:00am Namibian
Standard Time on July 5, 2013. Giyani Gold has received the necessary
permissions from, among others, the Central Bank of Namibia and the
listing committee of the NSX.
Giyani Gold's activities are currently focused on gold exploration in
the Giyani Greenstone Belt in Limpopo, South Africa - an area with
historic gold production at shallow depths that have not been
extensively mined. While there are no active mines in the area, there
are at least five past-producing mines where the company is currently
conducting exploration. Giyani Gold has applied for prospecting rights
over a large area within the Giyani Greenstone Belt, where 25
past-producing mines once operated, and owns stakes in various
companies with prospecting rights in the area. Additional shareholder
value will be generated from Giyani Gold's Canadian exploration assets
which in the near term will be transferred into a separate Canadian
public entity of which Giyani Gold will hold a majority interest
The AIX Board is a new Board to the NSX to facilitate listings with a no
local asset status (in terms of pension fund and insurance regulations)
in Namibia.Giyani Gold is listing onto the AIX as they are a gold
exploration company with no mining Exploration Prospecting Licence's
("EPL's") in the country. NSX CEO Tiaan Bazuin said "the NSX has
created the Alternative Investment Board for companies interested in
coming to Namibia to explore business opportunities. We view listing
locally as the best way to open the books and inform the market what a
company is doing and how it is performing. Once a company has
appropriate economic activity in Namibia, their listing could move to
the Main Board or the Development Capital Board with the accompanying
local asset status".
The Namibian Vice President of Business Development of Giyani Gold,
Knowledge Katti, welcomes the listing opportunity for Giyani Gold. "It
creates another avenue for Namibia investors to invest in a dynamic
company with potential for further shareholder value. The shareholder
value that will be created through the listing on the NSX will
contribute in many ways to local economic development, creation of jobs
and further investments in the Namibian economy," he stated.
Having a successful history of creating numerous publically traded
mining companies, Duane Parnham, Executive Chairman of Giyani Gold,
brings his core group of managerial, technical and financial experts to
his latest endeavour of advancing Giyani Gold into a mid-tier African
gold producer. Mr Parnham adds "I have created resource projects in
Namibia over the past 14 years and have enjoyed tremendous success in
contributing value to the Namibian economy and for all stakeholders."
About Giyani Gold
Giyani Gold is managed by a team with decades of resource exploration
experience and in creating value for stakeholders. The team has a long
history of successfully partnering with governments to assemble
substantial exploration opportunities. Giyani Gold has developed strong
financial relationships and communications networks throughout the
global capital markets. In addition, the founders of Giyani Gold have a
loyal shareholder base that has followed them from previous ventures.
The Giyani Gold team is dedicated to benefiting the people and
stakeholders of the communities in which it operates. All exploration
and mining activities conducted by Giyani Gold include initiatives to
provide sustainable benefits for local communities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
On behalf of the Board of Giyani Gold Corp.
Forward Looking Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release or other future plans, objectives or
expectations of Giyani Gold Corp. are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from Giyani Gold's plans or expectations include risks
relating to the actual results of current exploration activities,
fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory
changes, timeliness of government or regulatory approvals and other
risks detailed herein and from time to time in the filings made by
Giyani Gold with securities regulators. Giyani Gold expressly disclaims
any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
SOURCE: Giyani Gold Corp.
For further information:
Luke Vigeant, Head of Communications
Giyani Gold Corp.
Tel: +1.905.844.1456 X237
Chuck Allen, President
Giyani Gold Corp.
Tel: +1.905.844.1456 X223