GIYANI METALS CORP. ("EMM")
BULLETIN TYPE: Private Placement- Brokered
BULLETIN DATE: January 18, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced December 9, 2020:
Number of Shares: 37,375,000 common shares
Purchase Price: $0.20 per common share
Warrants: 18,687,500 share purchase warrants to purchase 18,687,500 shares
Warrant Exercise Price: $0.35 for a period of 18 months
Number of Placees: 90 Placees
Insider / Pro Group Participation:
Name Insider=Y / ProGroup=P Number of Shares
Aggregate Pro Group Involvement [12 placees] P 5,540,500
Broker's Fee: Cormark Securities Inc., Richardson Wealth Limited, Beacon Securities Limited and Tactex Asset Management Inc. have received and aggregate of $424,250 in cash and 2,097,000 brokers' warrants, with each broker warrant exercisable into one common share at $0.35 per share for 18 months.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a new release dated December 23, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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