OAKVILLE, ON, April 5, 2013 /CNW/ - Giyani Gold Corp. (TSXV: WDG)
("Giyani Gold") is pleased to announce that they have engaged South
African based Sasfin Capital, a division of Sasfin Bank Limited
("Sasfin") to provide general strategic corporate advisory services and
to act as transactional sponsor to the listing of Giyani Gold on the
Johannesburg Stock Exchange ("JSE") on an exclusive basis.
Sasfin is an independent and diversified banking and financial services
group with intimate knowledge and senior relationships within the South
African banking and investment communities. Sasfin's corporate finance
team has tremendous experience and knowledge relating to the resource
sector and capital markets of Southern Africa and is uniquely suited as
a corporate advisor to Giyani Gold.
Duane Parnham, Executive Chairman of Giyani Gold, stated: "Listing on
the JSE and partnering with a firm as recognised and experienced as
Sasfin ensures that we will open new capital markets and attract new
investors to Giyani Gold, while also demonstrating Giyani's commitment
to building a regional African gold company. This relationship with the
Sasfin team, led by Noah Greenhill, positions Giyani Gold for strategic
growth in Africa and provides access to the financial support required
to strengthen our development projects in the historically gold
producing province of Limpopo, South Africa."
Mr. Greenhill affirmed that Giyani Gold and their management team are
the types of partners with whom Sasfin strives to engage. Eddie Raff, a
colleague of Mr. Greenhill, holds significant gold market insight and
will be working closely with Giyani Gold to evaluate a specific
acquisition. Mr. Raff noted, "Giyani Gold's strong relationships in
Namibia and Southern Africa, together with management's proven track
record in the region, make them exceptional candidates for expansion by
partnering with Sasfin and dual listing on the JSE".
Duane Parnham further stated, "The current market environment is
presenting opportunities to acquire quality projects at a very
reasonable valuation. Taking advantage of these opportunities requires
experienced management, resource development expertise, regional
African operating capability and a strategic financial partner like
Sasfin. We appreciate Sasfin's confidence in our team and we look
forward to quickly evaluating and executing opportunities with their
support."
Brief resumes of the senior team members from Sasfin have been included
below.
Noah Greenhill, MBA (Wits)
Noah Greenhill was the former senior general manager of marketing and
business development at the JSE and is the head of Sasfin Capital's
corporate finance team. He has a vast network of corporate contacts and
strong marketing skills, built up over his 12 years of heading the
JSE's marketing efforts. Mr. Greenhill was the driving force behind the
establishment of the JSE's AltX and was personally responsible for
shepherding many of the new listings onto the JSE's junior board during
the listings boom of 2003 to 2007.
Eddie Raff, BCom, BSc (H), H.Dip Tax, Man (H), CFA
Eddie Raff has extensive resources experience after spending almost 10
years at AngloGold Ashanti. He has been involved in more than R50
billion of successful transactions across the full suite of corporate
finance services including, inter alia, mergers and acquisitions, due diligences, disposals, BEE, MBO's,
LBO's, debt instruments and equity capital raisings, schemes of
arrangement, structuring and tax optimisation. In addition, Mr. Raff
spent a large amount of time assessing major capital projects. He lead
the valuations of all the AngloGold mines, where he gained a very good
understanding of the operations, expansion potential and value drivers
of the mining industry. Prior to AngloGold Mr. Raff spent two years at
the ABIL group where he was involved in balance sheet management and
diverse funding structures. Mr. Raff joined Sasfin in 2012 as a
Corporate Finance Executive.
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.
On behalf of the Board of Giyani Gold Corp.
"Duane Parnham"
Executive Chairman
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.
