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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dawson Gold Corp | TSXV:DYU | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold" or the "Company") proposes to undertake a one-for-two share consolidation and then complete a private placement of up to 24,000,000 units of the Company at a price of $0.05 per unit. Each unit will consist of one post-consolidated share and one warrant. Each warrant will entitle the holder to acquire a further post-consolidated share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder's fee of 6% in cash or securities on all or part of the private placement. This private placement replaces the financing announced on August 16, 2011.
The private placement is subject to TSX Venture Exchange acceptance, and to completion of the previously announced share consolidation (news release of August 19, 2011) on the basis of two existing shares for each post-consolidated share, which was approved by the shareholders at an Extraordinary General Meeting on September 23, 2011.
The proceeds from the Offering will be used to fund exploration on the Company's Toro project in the Yukon and for general working capital purposes.
For additional information please visit the Company's website at www.dawsongold.com.
About Dawson Gold Corp.
Dawson Gold Corp. is a mineral exploration company, focused on the exploration and development of precious/base metals properties located in Yukon. The Company is based in Vancouver, and is supported by an aggressive management team with strong ties to the Yukon. Dawson's cornerstone asset is the Toro Gold Property located in the southern end of the White Gold District, in the Dawson Range. The Toro Gold Project covers over 412 contiguous claims (approximately 8,300 hectares) of prospective ground. Dawson has an option to earn a 100% interest in the Toro Gold Property from Northern Freegold Resources Ltd.
On behalf of the Board of Directors
Paul D. Gray, P.Geo., Chief Executive Officer
Dawson Gold Corp.
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Dawson Gold Corp. Paul D. Gray Chief Executive Officer 604.687.2471 604.687.2472 (FAX)info@dawsongold.comwww.dawsongold.com Sarah Jones Corporate Communications 604.568.2486sjones@korcommunications.ca Julie Hajduk Corporate Communications 604.568.2486Julie@korcommunications.ca
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