OAKVILLE, ON, Nov. 4, 2014 /CNW/ – Giyani Gold Corp. (TSXV: WDG, JSE: GIY) (“Giyani”) announces that Mr. Bertan Atalay has been appointed as interim President of Giyani effective immediately.
Duane Parnham, Executive Chairman of Giyani, stated: “Mr. Atalay has been a valued member of the Giyani team in our efforts to acquire Horizon Enerji and Sumo Coal since June of this year. Mr. Atalay’s experience in managing and developing projects similar to our acquisition targets, as well his deep understanding of the specific projects we’re working to acquire, make him uniquely suited to lead Giyani through the acquisition process and run the company thereafter.”
Mr. Atalay is a seasoned energy professional who has held leadership positions in public and private energy and resource corporations in Canada, the United States, and Europe. In addition, Mr. Atalay helped in the structuring and placement of more than $4.5B in limited and non-recourse project finance and has helped raise more than $150M in start-up, seed, and working capital equity. Mr. Atalay has held positions with Shell, Continental Gas Storage, and Northland Power.
In connection with the appointment of Mr. Atalay, Mr. Chuck Allen has resigned as President of Giyani. Giyani’s board of directors would like to thank Mr. Allen and they wish him every success in his future endeavors.
Neither the TSX Venture Exchange Inc. 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 release.
On behalf of the Board of Directors of Giyani Gold Corp.
(signed) “Duane Parnham”
Duane Parnham, Executive Chairman
Forward Looking Statements
This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Giyani believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Giyani’s management on the date the statements are made. Except as required by law, Giyani undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.