Giyani Announces Grant of Stock Options
January 26 2024 - 4:46PM
Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8)
("
Giyani" or the "
Company"),
developer of the K.Hill battery-grade manganese project in Botswana
("
K.Hill" or the "
Project")
announces that 1,500,000 stock options (each an
“
Option”) have been granted to non-executive
directors (“
NED”) of the Company in accordance
with the Company's Stock Option Plan. These grants relate to
Options which are typically awarded to NEDs upon their re-election
at the Company’s annual meeting of shareholders
(“
Meeting”). However, the Company was restricted
from issuing these Options following the last Meeting on September
27, 2023, as it remained in a blackout period while it worked to
complete the recently announced fund raising.
All Options vest immediately, and each Option is
exercisable into one common share (a "Share") of
the Company at a price of $0.115 per Share for a period of five
years from today’s grant date. The board of directors of the
Company are in the process of reviewing 2023 management performance
and putting 2024 performance criteria in place for the Company’s
management team. Any share-based performance awards are expected to
be announced to the market prior to the Company entering its
year-end financial blackout period on February 21, 2024.
About Giyani
Giyani's mission is to become a sustainable,
low-carbon producer of battery materials for the electric vehicle
("EV") industry. The Company has developed a
hydrometallurgical process to produce high-purity manganese
sulphate monohydrate, a lithium-ion battery cathode precursor
material critical for EVs, directly from ore from its manganese
oxide deposits in Botswana.
Additional information and corporate documents
may be found on www.sedarplus.ca and on Giyani Metals Corp. website
at https://giyanimetals.com/.
On behalf of the Board of Directors of Giyani
Metals Corp.
Danny Keating, President and CEO
Contact:
Danny KeatingPresident
& CEO Tel: +1 289 291 7632dkeating@giyanimetals.com
Neither the TSX Venture Exchange ("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 news 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.
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