Dawson Gold Announces $1,200,000 Private Placement
17 Novembre 2011 - 7:45PM
Marketwired
Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold"
or the "Company") proposes to undertake a one-for-two share
consolidation and then complete a private placement of up to
24,000,000 units of the Company at a price of $0.05 per unit. Each
unit will consist of one post-consolidated share and one warrant.
Each warrant will entitle the holder to acquire a further
post-consolidated share at a price of $0.10 exercisable for 18
months from the issuance date. The Company will pay a finder's fee
of 6% in cash or securities on all or part of the private
placement. This private placement replaces the financing announced
on August 16, 2011.
The private placement is subject to TSX Venture Exchange
acceptance, and to completion of the previously announced share
consolidation (news release of August 19, 2011) on the basis of two
existing shares for each post-consolidated share, which was
approved by the shareholders at an Extraordinary General Meeting on
September 23, 2011.
The proceeds from the Offering will be used to fund exploration
on the Company's Toro project in the Yukon and for general working
capital purposes.
For additional information please visit the Company's website at
www.dawsongold.com.
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.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Dawson Gold Corp. Paul D. Gray Chief Executive Officer
604.687.2471 604.687.2472
(FAX)info@dawsongold.comwww.dawsongold.com Sarah Jones Corporate
Communications 604.568.2486sjones@korcommunications.ca Julie Hajduk
Corporate Communications 604.568.2486Julie@korcommunications.ca
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