OAKVILLE, Ontario, May 30, 2018 (GLOBE NEWSWIRE) -- Giyani Metals Corporation (TSXV:WDG) (GR:A2DUU8) (“Giyani” or the “Company”) is pleased to announce the signing of a services agreement (“Agreement”) with Hybrid Financial Ltd. (“Hybrid”), a Canadian based financial and marketing company.
Hybrid will assist Giyani with all aspects of its marketing strategy and will provide, amongst others, services such as brand awareness and distribution. Giyani will compensate Hybrid at a flat basic fee of $14,000 per month. In connection with the Agreement, subject to exchange approval, Giyani has granted Hybrid 200,000 options exercisable at $ 0.35 per share in accordance with the Company’s stock option plan. The options have a five-year term and will vest over the next 12 months at a graded schedule of 25% of the total options at the end of every three-month period.
Robin Birchall, CEO of Giyani Metals Corp. commented:
“Hybrid is one of the leading firms in the financial and marketing business and they have a strong track record with, and a deep understanding of, the Canadian institutional and retail market. We look forward to working together with Hybrid to continue to raise awareness of Giyani in the stock market, and its potential impact in the rapidly growing battery commodity market sector. We feel confident that our partnership with Hybrid will complement the work we are doing and the success we are achieving in the field, and will support our efforts to build the Giyani brand as a leading independent developer, and eventually supplier, of high grade manganese to the battery market.”
Giyani Metals Corp. is a Canadian based junior exploration company focused on creating shareholder value by accelerating the development of its high-grade manganese project in the Kanye Basin, Botswana, Africa.
On behalf of the Board of Directors of Giyani Metals Corp.
Robin Birchall, CEO
Giyani Metals Corporation
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the financial picture of the Company etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.