NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
OAKVILLE, Ontario, April 04, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8) (“Giyani” or the “Company”) announces that
it is undertaking a non-brokered private placement of units to raise up to $1 million in immediate new funding.
The Company is offering units at $0.16 per unit to accredited investors and other exempt purchasers, with each
unit consisting of one (1) common share and one half (1/2) of one common share purchase warrant. Each warrant will entitle the
holder to purchase one common share at an exercise price of $0.275 per share for a period of 18 months from the closing of the
private placement.
Robin Birchall, CEO of the Company commented:
"The proceeds from this financing will be used to fund the planned reclamation and rehabilitation work, to
further explore and evaluate the potential of our Kanye Basin, Botswana licenses and for general corporate purposes. The financing
will provide Giyani with another cash resource in addition to the Convertible Loan note proceeds to comfortably accelerate our work
program in what we believe is an exciting time for battery grade manganese as a commodity.”
Completion of the private placement remains subject to receiving the approval of the TSX Venture Exchange, and,
subject to receiving that approval, the closing on received subscriptions is expected on or about April 15, 2019.
About Giyani
Giyani Metals Corp. is a Canadian junior exploration company focused on creating shareholder value by
accelerating the development of its high-grade manganese project in the Kanye Basin, Botswana, Africa. Additional information and
corporate documents may be found on www.sedar.com and on Giyani Metals Corp. website: http://giyanimetals.com/.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Contact:
Giyani Metals Corporation
Robin Birchall
CEO, Director
+447711313019
rbirchall@giyanimetals.com
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.
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”), or any state securities laws, and accordingly, may not be offered or sold to, or for the account or benefit of,
persons in the United States or “U.S. persons,” as such term is defined in Regulation S promulgated under the U.S. Securities Act
(“U.S. Persons”), except in compliance with the registration requirements of the U.S. Securities Act and applicable state
securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Company’s securities to, or for the account of benefit of, persons in the United States
or U.S. Persons.
Forward Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities
legislation. All statements in this news release, other than statements of historical fact, that address events or developments
that Giyani expects to occur, are “forward-looking statements”. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words “expects”, “does not expect”, “plans”, “anticipates”, “does not
anticipate”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled”, “forecast”, “budget” and similar
expressions, or that events or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. Specific forward-looking
statements and forward-looking information herein includes statements regarding the size of and completion of the private placement
and the intended use of the net proceeds from the financing.
All such forward-looking statements are based on the opinions and estimates of the relevant management as of the
date such statements are made and are subject to certain assumptions, important risk factors and uncertainties, many of which are
beyond Giyani’s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that
are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of
activity, performance or achievements to be materially different from those expressed or implied by such forward-looking
statements. In the case of Giyani, these facts include their anticipated operations in future periods, planned exploration and
development of its properties, financing activities, and plans related to its business and other matters that may occur in the
future. This information relates to analyses and other information that is based on expectations of future performance and planned
work programs.
Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors
which could cause actual events or results to differ from those expressed or implied by the forward-looking information, including,
without limitation: inherent exploration hazards and risks; risks related to exploration and development of natural resource
properties; uncertainty in Giyani’s ability to obtain funding; commodity price fluctuations; recent market events and conditions;
risks related to the uncertainty of mineral resource calculations and the inclusion of inferred mineral resources in economic
estimation; risks related to governmental regulations; risks related to obtaining necessary licenses and permits; risks related to
their business being subject to environmental laws and regulations; risks related to their mineral properties being subject to
prior unregistered agreements, transfers, or claims and other defects in title; risks relating to competition from larger companies
with greater financial and technical resources; risks relating to the inability to meet financial obligations under agreements to
which they are a party; ability to recruit and retain qualified personnel; and risks related to their directors and officers
becoming associated with other natural resource companies which may give rise to conflicts of interests. This list is not
exhaustive of the factors that may affect Giyani’s forward-looking information. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the
forward-looking information or statements.
Giyani’s forward-looking information is based on the reasonable beliefs, expectations and opinions of their
respective management on the date the statements are made and Giyani does not assume any obligation to update forward looking
information if circumstances or management’s beliefs, expectations or opinions change, except as required by law. For the reasons
set forth above, investors should not place undue reliance on forward-looking information. For a complete discussion with respect
to Giyani and risks associated with forward-looking information and forward-looking statements, please refer to Giyani’s financial
statements and related MD&A, all of which are filed on SEDAR at www.sedar.com.
