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Giyani lists on Namibian stock exchange

5th July 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – Canada-based gold exploration company Giyani Gold, which listed on the AltX board of the JSE last month, on Friday announced that it has successfully listed on the Alternative Investment Board (AIX) of the Namibian Stock Exchange (NSX).

The company, which is also listed on the TSX-V, is focused on gold exploration in the Giyani greenstone belt in Limpopo, South Africa. It has applied for prospecting rights over a large area within the greenstone belt and said it could potentially develop the 70-km-long and 15-km-wide Giyani greenstone belt into a multimillion-ounce-producing gold operation.

Giyani also owns exploration assets in Canada, which would, in the near term, be transferred into a separate Canadian public entity.

The AIX board is new to the NSX and was established to facilitate listings for companies with no local asset status in terms of pension fund and insurance regulations.

“[The listing] creates another avenue for Namibian investors to invest in a dynamic company with potential for further shareholder value. The shareholder value that will be created through the listing on the NSX will contribute in many ways to local economic development, the creation of jobs and further investments in the Namibian economy,” commented Giyani Namibian business development VP Knowledge Katti.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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