Giyani Announces $2 Million Offering of Convertible Debenture Units
LEGAL_27919998.2
Giyani Announces $2 Million Offering of Convertible Debenture Units
OAKVILLE, ONTARIO – October 10, 2017 – Giyani Metals Corporation (TSXV:WDG,
GR:KT9) (“Giyani” or the “Company”) announced that it has entered into an agreement
with Sector Capital Management Corporation (the “Agent”) pursuant to which the
Company will issue on a private placement basis convertible debenture units (the
“Convertible Debenture Units”) for aggregate gross proceeds of up to $2,000,000.
Each Convertible Debenture Unit will consist of 5.0% senior unsecured convertible
debentures (the “Convertible Debentures”) and 1,500 common share purchase warrants
(the “Warrants”) of the Company (the “Offering”). The Convertible Debentures will have
a term of three years and will be convertible at the option of the holder into common
shares of the Company at a conversion price of $0.43 per share. Each Warrant will be
exercisable to acquire one common share of the Company at an exercise price of $0.65
per share for a period of 30 months following the closing date of the Offering.
The Company has also granted the Agent an option to purchase additional Convertible
Debenture Units under the Offering for gross proceeds of up to $400,000.
The Convertible Debentures and the Warrants comprising the Convertible Debenture
Units and any common shares of the Company issuable upon conversion or exercise
thereof, as applicable, will be subject to a statutory hold period of four months and one
day. Closing of the Offering is expected to occur on or about October 17, 2017. The
Offering is subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the TSX
Venture Exchange.
Giyani intends to use the funds received from the financing to advance the Kanye
Manganese Project in Botswana including resource drilling, process engineering studies,
additional metallurgical studies and for general corporate purposes.
Additional information and corporate documents may be found on www.sedar.com
and on the Giyani website: http://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.
LEGAL_27919998.2
On behalf of the Board of Directors of Giyani Metals Corporation.
Duane Parnham, Executive Chairman & CEO
Contact:
Giyani Metals Corporation
Wajd Boubou
President
1.289.837.0066
Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regard-
ing the timing and content of upcoming work programs, geological interpretations, receipt of property ti-
tles, potential mineral recovery processes, the financial picture of the Company etc. Forward-looking state-
ments address future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such statements.
GIYANI METALS CORP.
277 LAKESHORE ROAD EAST, OAKVILLE, Ontario L6J 1H9
T:289-837-0066 F: 289-837-1166
www.GIYANIMETALS.com TSX.v-WDG