DYU Dawson Gold Corp

Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold" or the
"Company") announces that further to the Company's news and the special
resolution passed by shareholders on September 23, 2011, the Company has
received TSX Venture approval to consolidate its capital on a 2 old for 1 new
basis. As a result, effective at the opening on November 23, 2011, common shares
of Dawson Gold Corp. will commence trading on TSX Venture Exchange on a
consolidated basis. 


The Company is also pleased to announce that it subject to TSX Venture Exchange
acceptance, it will proceed to close an initial tranche of its previously
announced 24 million unit private placement financing. The first tranche
consists of 1,780,000 units for gross proceeds of $189,000. The units are being
offered at $0.05, with each unit consisting of one share and one share purchase
warrant. Each warrant entitles the holder to acquire an additional share for a
period of 18 months from the closing date at a price of $0.10. 


In connection with the first tranche, the Company will pay finder's fee
commissions of $11,340 cash and 208,800 finder's warrants. Each finder's
warrants are exercisable at $0.10 into one common share of the Company for 18
months from the issuance date.


The securities issued pursuant to the first tranche and the finders' fees are
subject to a four-month hold period from the date of closing. The Company will
pay a finder's fee of up 6% in cash and warrants or 6% in units on all or part
of the private placement.


The proceeds from the Offering will be used to fund exploration on the Company's
Toro project in Yukon and for general working capital purposes.


About Dawson Gold Corp.

Dawson Gold Corp. is a mineral exploration company, focused on the exploration
and development of precious/base metals properties located in Yukon. The Company
is based in Vancouver, and is supported by an aggressive management team with
strong ties to the Yukon. Dawson's cornerstone asset is the Toro Gold Property
located in the southern end of the White Gold District, in the Dawson Range. The
Toro Gold Project covers over 412 contiguous claims (approximately 8,300
hectares) of prospective ground. Dawson has an option to earn a 100% interest in
the Toro Gold Property from Northern Freegold Resources Ltd.


On behalf of the Board of Directors

Paul D Gray, P.Geo., Chief Executive Officer

Dawson Gold Corp.

For additional information please visit the Company's website at www.dawsongold.com.

Dawson Gold Corp (TSXV:DYU)
Historical Stock Chart
From Jun 2024 to Jul 2024

Dawson Gold Corp (TSXV:DYU)
Historical Stock Chart
From Jul 2023 to Jul 2024