Giyani Gold Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Giyani Gold Corp Nears Completion Of Rock Island Buy, Financing-Canada Stockwatch News
Canada Stockwatch News reported that Giyani Gold Corp. will file the balance of the documents with the TSX Venture Exchange that are required in order to obtain TSX-V approval to close the Rock Island acquisition transaction and the remaining portion of the concurrent unit offering that is currently held in escrow. Filed documents are currently being reviewed by the TSX-V. With respect to the unit offering, Giyani Gold confirms that all shares and warrants to be issued to the subscribers will be issued on the same terms set out in the original subscription agreements and will be subject to a hold period of four months from the date of issuance. In addition, all full warrants will be exercisable at a price of 85 cents per share for a period of two years from the date of issuance. Pursuant to the closing the unit offering, Giyani Gold will issue 9,651,250 common shares in the capital of Giyani Gold to the subscribers, together with 4,825,625 warrants to purchase Giyani Gold common shares. The proceeds of the unit offering are currently held in escrow subject to the closing of the Rock Island acquisition, and upon release will provide Giyani Gold with $5.79-million in additional funds, with approximately $2.45-million to be used to close the Rock Island acquisition.
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