Golden Dawn closes its private pla

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VANCOUVER, BC /ACCESSWIRE/February 18, 2022/ Golden Dawn Minerals Inc.(TSXV: GOM, Financial)(FRANKFURT:3G8C)(OTC PINK:GDMRD), (“golden twilight“or the”Company“). The Company is pleased to announce that it has closed its previously announced private placement of February 14, 2022. The non-brokered private placement consisted of 2,333,333 units at a price of $0.15 per unit for gross proceeds of $350,000 Each unit consists of one common share and one transferable common share purchase warrant Each whole warrant will entitle its holder to purchase, for a period of 18 months from the date issue, one additional common share of the Issuer at an exercise price of $0.30 per share All securities issued pursuant to the placement are subject to a statutory hold period ending on June 19, 2022. No finder’s fees were paid for this placement. The closing of the private placement financing is subject to final approval by the TSX-V.

The net proceeds of the Offering will be used by the Company to continue exploration and servicing of its Lexington Project and other mineral exploration projects in British Columbia, as well as for general working capital purposes.

The company also announces that following its December 28, 2021 press release, it has paid out CDN$500,000. payment to Rivi Opportunity Fund LP. to the promissory note in accordance with the debt reorganization agreement.

On behalf of the Board of Directors of GOLDEN DAWN MINERALS INC.

By: “Christopher R. Anderson”

Christopher R. Anderson
Chief Executive Officer

For more information, please contact:
Golden Dawn Minerals Inc. – Corporate Communications:
Tel: 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, relating to, among other things, preliminary plans to consolidate the shares of the Company. Although 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 usually, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims” , “potential”, “goal”. “, “objective”, “forward-looking” and similar expressions, or that events or conditions “will”, “would”, “could”, “may”, “might” or “should” occur, or are such 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 as of the date the statements are made and that They involve a number of risks and uncertainties, and therefore 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. Under applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions tion, or other factors, were to 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 may not approve the proposed stock consolidation and that the Company may not be able to raise enough additional capital to continue his business. Readers are encouraged to consult the Company’s reports, which are publicly available through the Canadian Securities Administrators’ Electronic Document Retrieval System (SEDAR) at www.sedar.com for an more comprehensive analysis of these risk factors and their potential effects.

This press release does not constitute an offer to sell or a 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 unlawful, including including one of the securities 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 may not be offered or sold in the United States or to, or for the account or benefit of, United States Persons (as defined in Regulation S of the 1933 Act) unless registered under the 1933 Act and applicable state laws securities, or an exemption from such registration requirements is available.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR WILL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE ILLEGAL PRIOR 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.

See the source version on accesswire.com:
https://www.accesswire.com/689545/Golden-Dawn-Closes-Private-Placement

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