Golden Dawn Announces Closing of Final Tranche of Company's Private Placement for $179,200
VANCOUVER, BC -- (Marketwired) -- 09/26/16 -- Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSX VENTURE: GOM) (FRANKFURT: 3G8A) (the "Company" or "Golden Dawn") reports that the Company has closed the final tranche of a previously announced non-brokered private placement financing totalling 2,736,012 non flow-through units (the "NFT Units") at $0.32 per NFT Unit with a full warrant exercisable for two years, for total proceeds of $875,524 in both tranches. The final tranche includes 500,000 units subscribed for by Company CEO, Wolf Wiese. The NFT warrants can be exercised at $0.40 per share in the first year and $0.45 in the second year. This transaction is subject to TSX-V approval.
The funds will be utilized for continuation of the company's surface and underground drilling program on the Greenwood Precious Metal Project and for general working capital.
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
"Wolf Wiese"
Wolf Wiese
Chief Executive Officer
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER 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.
For further information, please contact: Corporate Communications 604-221-8936 [email protected] Financial Communications Inc. Barry [email protected] Tel.: (416) 644-2020 or (514) 939-3989 www.renmarkfinancial.com
Source: Golden Dawn Minerals Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Scrum Alliance® Appoints Veteran Transformation Leader Chetna Limbani as Its First Chief Delivery Officer
- Jessie Nudelman Joins Habbas & Associates
- Avanos Medical, Inc. to Webcast Conference Call Discussing First Quarter 2024 Financial Results
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!