Mr. Mathew Ball reports
GOLDEN DAWN ANNOUNCES UPDATE TO PRIVATE PLACEMENT FINANCING
Golden Dawn Minerals Inc. has amended the terms of the arm's-length private placement financing previously announced on March 18, 2019, due to increased demand from subscribers. The company has approved the increase of the offering from 13 million units to a total of 15.85 million units for total gross proceeds of $792,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share in the capital of the company at an exercise price of 7.5 cents during the 60 months following the closing of the offering. The company will not pay any finder's fees or commissions in connection with the offering.
The offering, as amended, is fully subscribed at this time and the company expects to make a submission for final acceptance with the TSX Venture Exchange by April 12, 2019.
All securities issued in connection with the offering will be subject to a hold period expiring four months and one day following the closing of the offering. The offering remains subject to final acceptance by the TSX-V.
We seek Safe Harbor.
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