VANCOUVER, Sept 18, 2017 /CNW/ - Dynasty Gold Corp. (TSX-V:
DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") announces
that it plans to complete a non-brokered private placement of up to
2,400,000 units for gross proceeds of $300,000. Each unit consists of one common share
and one common share purchase warrant. Each warrant entitles the
holder to purchase one common share at $0.20 for the first year and at $0.25 for the second year from closing. The
Company will have the right to call the outstanding Warrants for
expiry upon 30 days notice in the event that the closing price of
the common shares of the Company on the TSX-V is above $0.45 for 10 consecutive trading days. Finder's
fees may be payable on a portion of the private placement.
The units issued under the private placement are subject to a four
month hold period and the Exchange's approval.
The Company will use the proceeds of the private placement to
fund the Nevada project drill
permit renewal, new project due diligence and acquisition, and for
general working capital.
About Golden Repeat Property in Nevada
The Company 100-per-cent-owned Golden Repeat claims located in
the Elko county, in the most
prolific Midas region of Nevada.
The Property is located 15 kilometres west-southwest of Klondex's
Midas mine and 15 kilometres west-northwest of Klondex's Hollister
mine. These claims host many geological similarities to the
well-known Midas Gold District.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company
currently focused on gold exploration in North America. For more information
on the Company and its projects, please refer to the website
www.dynastygoldcorp.com.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
"Ivy Chong"
Ivy Chong,
President & CEO
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This press release contains certain "forward-looking
statements" that involve a number of risks and uncertainties. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this
release.
SOURCE Dynasty Gold Corp.
