- Giyani (EMM) has closed its bought-deal public offering for gross proceeds of C$11.5 million
- The company will use the proceeds for the advancement of its manganese oxide projects in Botswana, including the K.Hill Project
- Giyani is a mineral resource company focused on becoming one of Africa’s first low-carbon producers of high-purity electrolytic manganese precursor materials
- The company markets its product to battery manufacturers in the electric vehicle market
- Giyani (EMM) is down by 1.39 per cent and is currently trading at $0.355 per share
Giyani (EMM) has closed its bought-deal public offering for gross proceeds of C$11.5 million.
The company issued 26,136,395 units at a price of $0.44 per unit, which includes the exercise in full of the over‐allotment option.
Each unit consists of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one common share for $0.60 until December 3, 2023.
The company will use the proceeds for the advancement of its manganese oxide projects in Botswana, including the K.Hill Project, as well as for working capital and general corporate purposes.
The offering was co-led by Cormark Securities and Beacon Securities.
Giyani Metals is a mineral resource company focused on becoming one of Africa’s first low-carbon producers of high-purity electrolytic manganese precursor materials. The company markets its product to battery manufacturers in the electric vehicle market.
Giyani (EMM) is down by 1.39 per cent and is currently trading at $0.355 per share as of 9:56 am EST.
