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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Golden Dawn Minerals Inc | TSXV:GOM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.055 | 0.045 | 0.06 | 0 | 01:00:00 |
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Subject to Regulatory Approval, the Company has closed the first tranche of the Offering through the issuance of 1,360,000 FT Units and 771,000 NFT Units, raising $588,060. A total of 1,451,000 share purchase warrants were issued at an exercise price of $0.30 for a term of 24 months. All shares and warrants issued in this tranche are subject to a four month and one day hold period, expiring on June 8, 2018.
Also subject to regulatory approval, the Company announces that in respect of the tranche 1 closing, it has paid commissions of $46,474.80, issued 85,240 compensation warrants and 85,240 compensation shares. The compensation warrants are issued at a price of $0.30 and are exercisable until February 7, 2020 with a hold period expiring on June 8, 2018.
All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities. A finder's fee of cash, broker warrants and common shares, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering.
The proceeds of the Offering will be utilized for exploration on its Greenwood Precious Metals Project, commencement of trial mining and for general working capital.
On behalf of the Board of Directors:GOLDEN DAWN MINERALS INC.
Wolf Wiese, President & Chief Executive Officer
For further information, please contact:Corporate Communications604-221-8936 allinfo@goldendawnminerals.comwww.goldendawnminerals.com
This press release was prepared by management who takes full responsibility for its contents. 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 release. this document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance, or achievements implied by these forward-looking statements. We seek safe harbor.
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