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Giyani Metals decreases holdings in Canoe Mining Ventures

Mining News - Published on Fri, 15 Mar 2019

Image Source: giyanimetals.com
Giyani Metals Corp reported a decrease in its ownership percentage of Canoe Mining Ventures. Giyani pursuant to the early warning requirements of Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to common shares of Canoe. Giyani has sold an aggregate of 9,580,000 Common Shares. 2,800,000 Common Shares were sold at a price of USD 0.125 per share for aggregate consideration of $350,000.4,680,000 Common Shares were sold at a price of $0.03 per share for an aggregate consideration of $140,000. 1,240,000 Common Shares were sold at a price of $0,025 per share for an aggregate consideration of $31,000. 860,000 Common Shares were sold at a price of $0.02 per share for an aggregate consideration of $17,200. Giyani's overall shareholding percentage has decreased by approximately 13.77%.

Meanwhile, Prior to the transactions, Giyani owned 16,490,000 Common Shares Shares, representing approximately 9.93% of the issued and outstanding Common Shares on a non-diluted basis.

Source :

Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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