VANCOUVER, BC / ACCESSWIRE / November 19, 2021 / Golden Dawn Minerals Inc., (TSXV: GOM, Financial)(FRA: 3G8C, Financial) (OTC ROSE: GDMRD), (“golden twilight“or the”Society“), is pleased to announce that it has closed the broker-less private placement announced on November 8, 2021 by issuing 5,000,000 flow-through shares at a price of $ 0.20 per share for gross proceeds of 1,000,000 $. Each flow-through unit will consist of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each entire warrant will entitle its holder to purchase one common share Additional at a price of $ 0.30 for 24 months after closing The net proceeds of the offering will be used by the Company to continue exploration on its Greenwood precious metals projects in southeastern British Columbia.
The placement closed in two installments. The first tranche consisted of 4,612,500 flow-through shares at a price of $ 0.20 per share for gross proceeds of $ 922,500. For the first tranche, the Company paid a cash commission of $ 70,000 and issued 318,182 warrants to Qwest Investment Fund Management Ltd. These warrants are valid for 2 years from closing with an exercise price of $ 0.20. The Company also paid a cash commission of $ 12,800. and issued 64,000 warrants to EMD Financial. These warrants are valid for 2 years from closing with an exercise price of $ 0.30. All securities issued under the first tranche will be subject to a holding period expiring on March 13, 2022.
The second tranche consisted of 387,500 flow-through shares at a price of $ 0.20 per share for gross proceeds of $ 77,500. The Company paid a cash commission of $ 5,425. and issued 27,125 research mandates to an arm’s length researcher. These warrants are valid for 2 years from closing with an exercise price of $ 0.30. All securities issued under the flow-through offer of the second tranche will be subject to a holding period expiring on March 19, 2022.
The closing of this private placement financing is subject to the final approval of the TSX Venture Exchange.
On behalf of the Board of Directors of GOLDEN DAWN MINERALS INC.
Through: “Christophe R. Anderson”
Christopher R. Anderson
Chief Executive Officer
For more information, please contact:
Golden Dawn Minerals Inc. – Corporate Communications:
Phone. : 604-488-3900
E-mail: [email protected]
Cautions Regarding Forward-Looking Statements:
This press release contains certain “forward-looking statements” within the meaning of Canadian securities laws, concerning, among other things, preliminary plans to consolidate the shares of the Company. While the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “discount”, “plans”, “anticipates”, “believes”, “intention”, “estimates”, “projects”, “objectives”, “potential”, “Objective”, “” objective “,” forward-looking “and similar expressions, or that events or conditions” shall “,” be “,” could “,” could “,” could “or” should “occur, or are those statements, which by their nature refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company on the date to statements are made and that they involve a number of risks and uncertainties. Accordingly, there can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by the s applicable securities laws and policies of the TSX Venture Exchange, the Company assumes no obligation to update these forward-looking statements if the beliefs, estimates or opinions of management, or other factors, should change. . Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange does not approve the proposed reverse stock split and that the Company may not be able to bring together enough additional capital to continue his business. Readers are referred to the Company’s reports, publicly available through the Canadian Securities Administrators’ Electronic Document Analysis and Search System (SEDAR) at www.sedar.com for further discussion. comprehensive information on these risk factors and their potential effects.
This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities of the Company in any jurisdiction in which such an offer, solicitation or sale would be illegal, including one of the titles in the United States of America. The securities of the Company have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities law and cannot be offered or sold in the United States or at, or for account or profit. United States persons (as defined in Regulation S under the 1933 Act) unless they are registered under the 1933 Act and applicable state securities laws, or An exemption from these registration requirements is available.
THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE, NOR THAT THERE WILL BE NO SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE MAY BE. ILLEGAL BEFORE REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.
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.
THE SOURCE: Golden Dawn Minerals Inc.
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