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Giyani Gold Corp signs binding LOI with Horizon Enerji and Sumo Coal


Friday, 15 Aug 2014 11:45am EDT 

Giyani Gold Corp:Announces that it has entered into a binding letter of intent agreement with the shareholders of Horizon Enerji A.?. and Sumo Coal (Pty) Ltd.Pursuant to which Giyani would acquire all the issued and outstanding securities of Horizon and Sumo by means of a business combination or other form of transaction.Upon completion of the Transaction Giyani will hold a 100 pct interest in Horizon's Ceyhan Project, a fully permitted crude oil storage and dry bulk cargo port development project in Turkey, and a 100 pct interest in Sumo, a cash-flow generating coal operator in South Africa. 

Company Quote

0.36
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14 Aug 2014