OAKVILLE, ON, June 7, 2012 /CNW/ - Giyani Gold Corp. (TSXV: WDG) (the "Company" or "Giyani Gold") announced today that Mr. Mark Frewin has joined the board of directors
of Giyani Gold.
Mr. Duane Parnham, Executive Chairman and director of the Company
commented, "We are delighted that Mr. Frewin has agreed to join the
Board of Directors. I have had the distinct pleasure of working with
Mark at the Board level on a number of successful ventures including
UNX Energy. Mark's considerable legal and business expertise will, I
believe, add considerable value to Giyani Gold and demonstrates Giyani
Gold's commitment to attract high level talent to our Board and
Mr. Mark Frewin is a partner at the law firm of McCarthy Tétrault LLP,
based in their London office, and was formerly a partner with the Wall
Street law firm Milbank Tweed. Mr. Frewin has participated in numerous
financings for mining and oil and gas companies, and has advised
clients on the formation, financing and operation of joint ventures,
mergers and acquisitions, property option and earn-in agreements, metal
sales contracts and hedging arrangements, and royalty agreements. Mr.
Frewin received his MA from Cambridge University (Trinity Hall) and is
admitted as a solicitor in England and Wales. Mr. Frewin's appointment
to the board of directors of Giyani Gold was approved by the board of
directors on May 9, 2012, with effect as of June 1, 2012.
Shareholders are advised that the Company has amended its management
information circular in respect of its annual general meeting to be
held on June 21, 2012, to correct certain information as to Mr.
Frewin's status as a non-independent director, as Mr. Frewin is a
partner at McCarthy Tétrault LLP, legal counsel to the Company, and the
effective date of Mr. Frewin's appointment to the board of directors.
The amended information circular will be available on SEDAR at www.sedar.com. The board of directors currently anticipates that it may seek to
appoint an additional independent director in the upcoming year.
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 Inc. 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
On behalf of the Board of
Giyani Gold Corp.
SOURCE GIYANI GOLD CORP.
For further information:
Giyani Gold Corp.