OAKVILLE, ON, June 18, 2012 /CNW/ - Giyani Gold Corp. (the "Company" or "Giyani Gold") is pleased to announce that it has retained the services of Vicarage Capital Limited Inc. ("Vicarage Capital") to support its European based investor relations activities.
Vicarage Capital is a privately owned corporate development, investor relations and stockbrokerage firm focused on supporting small and mid-cap natural resource companies. Based in London, Vicarage Capital has over 35 years' experience working with Canadian listed junior mining companies and will provide Giyani Gold with additional coverage of the European and Scandinavian investment community by increasing awareness of Giyani Gold in those markets and by developing an investor relations program.
In consideration of the services to be provided, Giyani Gold has agreed to a 12-month agreement commencing June 15, 2012 to pay a quarterly retainer of $6,000 to Vicarage Capital. Giyani Gold has also agreed to provide, subject to TSX Venture Exchange approval, 50,000 warrants to Vicarage Capital. Each whole warrant will be exercisable by Vicarage Capital at a price of $1.25 per Common Share for a period of 24 months from the date of issuance.
Neither Vicarage Capital nor any of its principals or employees has any interest, directly or indirectly, in Giyani Gold or its securities (except for the warrants being issued as described above) or any right or intent to acquire such an interest.
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.
Neither the TSX Venture Exchange 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 news release.
On behalf of the Board of
Giyani Gold Corp.
For further information:
Giyani Gold Corp.
Email: [email protected]