Golden Dawn Minerals completes $115K final tranche

pcNewsWireGolden Dawn Minerals Inc. (TSX-V: GOM; FSE: 3G8A; OTC: GDMRF) has closed the final tranche of a previously announced non-brokered private placement financing totalling 5,267,050 flow-through units at $0.335 per FT Unit with a one-half warrant exercisable for two years, for total proceeds of $1,764,461.75 in both tranches.

News Release

Golden Dawn Announces Closing of Final Tranche of Private Placement for $115,399

Vancouver, June 2, 2016 –Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8A; OTC: GDMRF) (the “Company” or “Golden Dawn”) reports that the Company has closed the final tranche of a previously announced non-brokered private placement financing totalling 5,267,050 flow-through units (the “FT Units”) at $0.335 per FT Unit with a one-half warrant exercisable for two years, for total proceeds of $1,764,461.75 in both tranches. Each whole FT warrant can be exercised at $0.40 per share for a period of 24 months from the date of issuance.

Total commissions paid to eligible finders with respect to this financing consisted of $131,925 cash, 196,902 common shares and 196,902 commission warrants paid to EMD Financial Inc. The commission warrants are non-transferable and have the same terms as warrants issued in the financing. All securities issued in connection with the financing are subject to a statutory hold period of 4 months and one day from issuance.

The funds will be utilized for continuation of the company’s surface and underground drilling program on the Greenwood Precious Metals Project.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
“Wolf Wiese”______
Wolf Wiese
Chief Executive Officer

For further information, please contact:

Corporate Communications
604-221-8936
allinfo@goldendawnminerals.com

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.

SOURCE: Golden Dawn Minerals Inc.