Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company") is
pleased to announce the appointment of Ms. Stephanie Hart to the
Giyani Board of Directors, with immediate effect. Ms. Hart will
serve as the Chair of the Audit Committee, replacing Mr. John
Petersen, who will remain on the Audit Committee. Following the
appointment of Ms. Hart, the Board will be comprised of 5
directors, 4 of whom are independent. A number of changes have been
made to the various Board committees and these will also take
immediate effect. The Company is also pleased to announce the
appointments to its management team namely, Mr. George Donne as
Vice President (“
VP”), Business Development, with
effect from September 15, 2021, and Ms. Malika Arora, Controller,
effective September 1, 2021.
Mr. Jonathan Henry, Chair of the Company,
commented:
“I am delighted that
Stephanie is joining Giyani’s Board. Her significant senior level
expertise in finance, risk, operational and capital project roles
in the international mining sphere, coupled with her knowledge of
corporate governance will make an excellent addition to the
Company’s Board. I would also like to thank Mr. John Petersen for
taking over from Eugene Lee in April as Audit Chair, guiding the
Company through the last several quarters.”
Board of Director
Appointment
Ms. Hart is a Chartered Professional Accountant
(“CPA”) with over 20 years’ senior level
experience with broad financial, risk, operational and capital
project roles in global mining. Ms. Hart spent much of her career
working with Vale S.A., where she was most recently Head of
Finance, North Atlantic Operations and Asian Refineries in the Base
Metals business. Other roles at Vale included Director of Treasury,
Pension Assets and Risk for Vale Canada, Director of Finance and
Chief Financial Officer (“CFO”) for the Goro
Project and Operations in New Caledonia and General Foreperson in
the Sudbury Smelter. Currently, Ms. Hart is the CFO at Willeson
Metals Corp., a company exploring for gold in Manitoba, and Exiro
Minerals Corp., a privately-owned exploration company. She was also
recently appointed to the board of West Park Healthcare Centre
Foundation. Ms. Hart has extensive experience in budgeting,
reporting and analysis, internal controls, financial and risk
management.
Mr. Robin Birchall, CEO of the Company,
commented:
“On behalf of senior
management, I would also like to welcome Stephanie to the Board, we
look forward to working with her going forward as we advance the
K.Hill Project.
The appointments of
George and Malika bring complementary skills both in mining finance
and corporate development as well as corporate governance expertise
to the team. George also brings significant capital markets and
senior level resource management experience that is ideally suited
for the Company’s current objectives. His experience, industry
contacts and knowledge of the mining finance sector will contribute
significantly to the Company’s development and the growth of
shareholder value.”
VP Business Development
Appointment
Mr. Donne has over 20 years of international
natural resources sector experience in senior management and
investment banking roles and holds a CFA Certificate in ESG
Investing. Mr. Donne began his career with JPMorgan’s Metals &
Mining investment banking team in London and Johannesburg, before
moving into industry and assuming senior management roles at a
number of private and public natural resources companies across
Africa, Latin America and the Former Soviet Union. Most recently,
Mr. Donne was a Senior Investment Professional with Greenstone
Resources, a USD475 million mining-focused private equity fund.
Controller Appointment
Ms. Arora is finance professional and a CPA with
more than 16 years of experience, including 11 in the mining and
natural resources industry, focused on financial reporting, system
implementations, internal controls and accounting policy and
procedures development. Most recently, she was Assistant Controller
at Baffinland Iron Mines Corporation, and she held similar roles at
SNC Lavalin Inc. and Pacific Rubiales Energy Corp.
About Giyani
Giyani is a mineral resource company focused on
becoming one of Africa’s first low-carbon producers of high-purity
electrolytic manganese precursor materials used by battery
manufacturers for the expanding electric vehicle market, through
the advancement of its manganese assets in the Kanye Basin in
south-eastern Botswana, (the “Kanye Basin
Prospects”) through its wholly-owned Botswana subsidiary
Menzi Battery (Pty) Limited. The Company’s Kanye Basin Prospects
consist of 10 prospecting licenses and include the past producing
Kgwakgwe Hill mine and project, referred to as the K.Hill Project,
the Otse manganese prospect and the Lobatse manganese prospect,
both of which have seen historical mining activities.
The Company is currently undertaking a
feasibility study on the K.Hill Project, following an updated
preliminary assessment report announced on 12 April 2021 with a
post-tax NPV of USD332 million and post-tax IRR of 80%, based on a
development plan to produce around 891,000 tonnes of high-purity
manganese sulphate monohydrate over a 10 year project life.
Additional information and corporate documents
may be found on www.sedar.com and on Giyani Metals Corp. website at
https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
Robin Birchall, CEO
Contact:Robin Birchall CEO, Director+44 7711
313019rbirchall@giyanimetals.com
Judith
WebsterCorporate Secretary and Investor Relations+1 416 453 8818
jwebster@giyanimetals.com
Neither the TSX Venture Exchange (the "TSXV")
nor its Regulation Services Provider (as that term is defined in
the policies of the TSXV) 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
completion of receipt of TSXV approval for the private placement
and completion of the private placement.
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.
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