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GIYANI GOLD CORPORATION - Giyani Gold announces non-brokered Private Placement

Release Date: 23/06/2014 17:00
Code(s): GIY     PDF:  
Wrap Text
Giyani Gold announces non-brokered Private Placement

Giyani Gold Corporation
(formerly 99 Capital Corporation)
(Incorporated and registered in Canada)
(Registration number BC-C0887454)
Share code on the TSXV: WDG
Share code on the NSX: GGC
Share code on the JSE: GIY        ISIN: CA37636L1076
 (“Giyani Gold” or “the company” or “the group”)


Giyani Gold Announces Non-Brokered Private Placement

Oakville, Ontario – June 23, 2014: Giyani Gold Corp. (TSXV: WDG, JSE: GIY, NSX: GGC)
("Giyani Gold") is pleased to announce it will be conducting a non-brokered private placement
of up to 2 million common shares of Giyani Gold for gross proceeds of up to $600,000. The
offering (the "Offering") will consist of up to 2 million units (the "Units"), priced at $0.30 per
Unit, with each Unit consisting of one common share and one common share purchase warrant,
with each common share purchase warrant exercisable by the holder thereof at a price of $0.45
per common share for a period of 24 months from the date of issuance.

Proceeds from the Offering will be used for general working capital purposes and to close the
proposed transaction between Giyani Gold and a private international energy company (see
News Release dated June 16, 2014).

The Offering is being conducted on a private placement basis to purchasers that qualify as
"accredited investors" under applicable Canadian securities laws. Accordingly, the securities of
Giyani Gold being issued pursuant to the Offering will be issued in reliance upon exemptions
from the prospectus and registration requirements of applicable Canadian securities legislation
and will be subject to a four-month plus a day hold period from the date of issuance.

Giyani Gold intends on providing notice to the TSX Venture Exchange with respect to the
Offering as soon as reasonably practicable. The closing of the Offering is subject to certain
customary conditions, including approval of the TSX Venture Exchange. The Offering is
expected to close on or before July 30, 2014.

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 Directors of Giyani Gold Corp.
(signed) “Duane Parnham”
Duane Parnham, Executive Chairman

For further information:
Investor Contact
Luke Vigeant, Head of Communications
Giyani Gold Corp.
Tel: 1.905.844.1456 X237
Email: lvigeant@giyanigold.com


Forward Looking Statements
This news release contains certain statements that may be deemed “forward-looking
statements”. Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions
“will”, “would”, “may”, “could” or “should” occur. Although Giyani Gold believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially
from those in forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of Giyani Gold’s management on the date the statements are made.
Except as required by law, Giyani Gold undertakes no obligation to update these forward-
looking statements in the event that management’s beliefs, estimates or opinions, or other
factors, should change.


23 June 2014



Sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

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