Giyani Metals Corp. entered into investment agreement to issue 54,835,235 units at a price of CAD 0.117 per unit for CAD 6,415,722.495 on January 23, 2024. The transaction will include participation from new investor, Arch Sustainable Resources Fund a fund managed by Arch Emerging Markets Partners Limited.

Each unit consists of one Share and one Warrant, with each Warrant entitling ARCH to acquire one additional Share at a price of CAD 0.225 per Warrant for a period of five years following Closing. The Shares and Warrants comprising the units, and any Shares issued upon the exercise of the Warrants, will be subject to a four-month statutory hold period and a further contractual escrow, pursuant to which half of the Shares issued (including any Shares issued upon exercise of the Warrants) will be escrowed until the date that is 12 months following the closing of the offering, expected to occur on or about January 26, 2024, subject to satisfaction of the necessary closing conditions including approval of the TSXV and share holder approval. and the remaining half of the Shares issued will be escrowed until the date that is 15 months following Closing.