OAKVILLE, ON, June 25, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG, JSE: GIY) ("Giyani Gold") is pleased to announce that it will be listed on the AltX board of the Johannesburg Stock Exchange (JSE) under the symbol "GIY" as of 9:00am South African Standard time on Wednesday, June 26.
"This Listing will provide the company with an additional platform to raise capital for growth in addition to raising the company's profile and investor base in the region. This listing will facilitate further BEE involvement in the company and we're very pleased that Southern African investors will benefit from the development of the region's national resources," says Charles Allen, President of Giyani Gold.
The company's activities are currently focused on gold exploration in the Giyani Greenstone Belt in Limpopo - an area with historic gold production at shallow depths that have not been extensively mined. While there are no active mines in the area, there are at least five past-producing mines where the company is currently conducting exploration. Giyani Gold has applied for prospecting rights over a large area within the Giyani Greenstone Belt, where 25 past-producing mines once operated, and owns stakes in various companies with prospecting rights in the area. Giyani Gold is in a joint venture with Corridor Mining Resources, a company owned by the Limpopo Economic Development Enterprise, and is in a BEE partnership with Malugani Resources Proprietary Limited. Additional shareholder value will be generated from Giyani Gold's Canadian exploration assets which in the near term will be transferred into a separate Canadian public entity of which Giyani Gold will hold a majority interest ownership. Giyani Gold's management team specialises in developing undervalued mining properties and is positioning Giyani Gold for strategic growth in Southern Africa.
Having founded and developed a number of mining companies, Duane Parnham, Executive Chairman, brings a geological team with North American experience in developing greenstone deposits to South Africa. Mr. Parnham adds, "We have a proven track record working on greenstone belts and making use of the latest technology to firm up geological models and fast-track new discoveries." Giyani Gold's board and management have enjoyed great success in the resources sector and have years of experience in resource exploration and production with a history of creating shareholder value. High management ownership further aligns the interests of management and investors.
Giyani Gold will also be listing on the Namibian Stock Exchange (NSX) in the near term. Giyani Gold has no exploration activities in Namibia, but sees the NSX listing as important to position the company for strategic growth whether organic or through acquisitions throughout the region. Giyani Gold listed on the Toronto Stock Exchange's Venture Exchange in February 2008.
Commenting on Giyani Gold's listing, Sasfin Capital's corporate finance head Noah Greenhill says, "South African investors have a deep understanding of resource companies and an appetite for investing in them. Giyani Gold's strong relationships in South Africa and Namibia, together with management's years of experience, should make this opportunity very attractive to investors."
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.
About Giyani Gold
Giyani Gold is managed by a team with decades of resource exploration experience and in creating value for stakeholders. The team has a long history of successfully partnering with governments to assemble substantial exploration opportunities. Giyani Gold has developed strong financial relationships and communications networks throughout the global capital markets. In addition, the founders of Giyani Gold have a loyal shareholder base that has followed them from previous ventures.
The Giyani Gold team is dedicated to benefiting the people and stakeholders of the communities in which it operates. All exploration and mining activities conducted by Giyani Gold include initiatives to provide sustainable benefits for local communities.
Forward Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release or other future plans, objectives or expectations of Giyani Gold Corp. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Giyani Gold's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by Giyani Gold with securities regulators. Giyani Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
SOURCE: Giyani Gold Corp.
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