Giyani Gold lists on AltX
June 26, 2013
Johannesburg, 26 June 2013 – Today Giyani Gold an
exploration miner headquartered in Canada lists on the Johannesburg Stock
Exchange’s (JSE) AltX board.
Giyani Gold is a gold exploration company based in Canada, focused on
building a portfolio of under-explored proven gold assets. The company’s
exploration activities are currently focused in the Giyani region in Limpopo,
South Africa and in Ontario, Canada. The company will separately list its
Canadian exploration assets in Toronto in the next few weeks.
“This listing will provide the company with an additional platform to raise
capital for growth in addition to raising the company’s profile and investor
base in the region. This listing will facilitate further BEE involvement in the
company and we’re very pleased that Southern African investors will benefit from
the development of the region’s national resources,” says Charles Allen,
President of Giyani Gold.
“We’re very pleased to welcome Giyani Gold on to the JSE. Johannesburg
started as a mining town and owing to the number of resource assets in South and
Southern Africa, investors on this market understand investing in mining.
Despite challenging global conditions, the message that the JSE shares with
companies with African assets is that there is capital in South Africa,” says
Zeona Jacobs, Director of Issuer and Investor Relations at the JSE.
South Africa is currently ranked 3rd in the world for raising capital through
the local equity market according to the latest World Economic Forum’s Global
Competiveness Report. Newton-King adds that South African investors are
increasingly interested in exploration companies and the JSE provides frequent
investor forums to encourage this interested.
Since its inception in 2003 103 companies have listed on AltX and have a
combined R14.5 billion. Recent JSE research indicates that 67% of the AltX
executives surveyed said that they had achieved their goals due to their listing
with many mentioning that besides raising capital being listed had given them a
significant competitive advantage. The research showed that 92% of these
companies had made acquisitions post listing indicating substantial growth.
Giyani Gold will also be listing on the Namibian Stock Exchange (NSX) in the
About JSE Limited
As South Africa’s only full service
securities exchange, the JSE connects buyers and sellers in five different
financial markets, namely equities, equity derivatives, commodity derivatives,
currency derivatives and interest rate products. The JSE Ltd offers the investor
a truly first world trading environment, with world class technology,
surveillance and settlement in an emerging market context. It is amongst the top
20 largest equities exchanges in terms of market capitalisation in the world. In
terms of derivatives, the JSE is currently ranked the 20th largest exchange by
the Futures Industry Association (FIA).
For further information, please
Victoria Williams/Chama Mwenso
Tel: +27 11 463 2198
Email: Victoria@corpcom.co.za / firstname.lastname@example.org
Director Issuer and Investor Relations