OAKVILLE, ON, May 1, 2015 /CNW/ - Duane Parnham has acquired, in the aggregate, 6,413,907 common shares (the "Shares") in the capital of Giyani Gold Corp. ("Giyani") through a series of acquisitions dating from November 3, 2010 to April 29, 2015.
Mr. Parnham owns an aggregate of 6,413,907 common shares representing 10.44% of Giyani Gold's issued and outstanding common shares, as disclosed on SEDI at www.sedi.ca.
The Shares were acquired over that period of time through the sale to Giyani of certain mining assets, by way of private placements of shares from the treasury and acquisitions of shares on the open market through the facilities of the TSX Venture Exchange. The average purchase price of the Shares is $0.41 per common share.
Mr. Parnham acquired the Shares for investment purposes, and may acquire additional Giyani securities in the future or dispose of his existing Giyani common shares on the basis of his assessment of market conditions and in compliance with all applicable securities regulatory requirements.
On Behalf of the Board of Directors of Giyani,
Duane Parnham, Executive Chairman
A copy of the related Early Warning Report has been filed with the applicable securities commission and can be found on Giyani's profile at www.sedar.com. The issuance of this news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint actor with another named entity.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Giyani Gold Corp.
For further information: Luke Vigeant, Head of Communications, Giyani Gold Corp., Tel: 1.905.844.1456, Email: [email protected]