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 management."
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 porphyry system.
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Giyani Gold Corp.
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