OAKVILLE, ON, June 25, 2012 /CNW/ - Duane Parnham has acquired, in the aggregate through a series of acquisitions dating from November 3, 2010 to June 21, 2012, ownership of an aggregate of 4,863,023 common shares (the "Shares") in the capital of Giyani Gold Corp. ("Giyani Gold"). Mr. Parnham owns an aggregate of 4,863,023 common shares representing 11.8% of Giyani Gold's issued and outstanding common shares, as disclosed in the Giyani Gold's management information circular for its annual general meeting of shareholders and on SEDI at www.sedi.ca. The Shares were acquired over that period of time through the sale to the Giyani Gold 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 $0.665 per common share.
Mr. Parnham acquired the Shares for investment purposes, and may acquire additional Giyani Gold securities in the future or dispose of his existing Giyani Gold common shares on the basis of his assessment of market conditions and in compliance with all applicable securities regulatory requirements.
A copy of the related Early Warning Report has been filed with applicable securities commission and can be found on Giyani Gold's profile at www.sedar.com or at www.giyanigold.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.
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.
For further information:
c/o Giyani Gold Corp.
277 Lakeshore Road East
Oakville, Ontario L6J 6J3