Giyani Starts the Tendering Process for Reclamation Work at its Manganese Deposits in Botswana
Giyani Starts the Tendering Process for Reclamation Work at its Manganese
Deposits in Botswana
Not for distribution to U.S. newswire services or for dissemination in the United States
OAKVILLE, Ontario, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Giyani Metals Corp. (TSXV:EMM) (FRANKFURT:KT9) (WKN:A2DUU8)
(“Giyani” or the “Company”) announces the commencement of the tendering process to choose a professional mining contracting
company for the reclamation work at its K.Hill and Otse manganese deposits in Botswana.
Subsequent to the final approval of the Company’s environmental management plans (“EMP”) for K.Hill and Otse, by the Department of
Environmental Affairs in Botswana, Giyani identified six professional mining and mineral processing contractors as potential candidates for
the reclamation and processing work at both sites. An official request for proposal ( “RFP”) was sent to the six companies on August 5,
2019 and five preliminary responses were received on August 21, 2019; one company decided not to bid for the project. A one-day site visit
to both K.Hill and Otse was organized for each of the five interested companies during the last week of August. The Company expects final
proposals to be completed by the end of September 2019.
Robin Birchall, CEO of Giyani commented:
“We are very pleased with the progress and thoroughness of this tendering process. The five mining contractors have very good track
records in Botswana, South Africa and neighbouring countries in the region. They have the right capabilities and skill sets that are needed
for this project. We look forward to the completion of this tendering process and to start the work on the ground in the near future.”
Notice of Correction:
The record date (the "Record Date") for the purpose of determining the holders (the "Shareholders") of common shares of Giyani Metals
Corp. entitled to receive notice of, and vote at, the annual general & special meeting of Shareholders to be held on September 25, 2019 (the
"Meeting") is August 12, 2019, notwithstanding that the Notice of Meeting and Management Information Circular in respect of the Meeting
incorrectly note the Record Date as being August 14, 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
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, 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.
GIYANI METALS CORP.
1155 North Service Road West, Unit 11
Oakville, Ontario L6M 3E3
T: 289-291-4032
www.giyanimetals.com TSX.V-EMM