| VANCOUVER, Canada, February 18, 2022 Golden Dawn Minerals Inc., (TSX-V: GOM | FRANKFURT: 3G8C | OTC Pink: GDMRD), (“Golden Dawn” or the “Company”). The Company is pleased to announce that it has closed it’s previously announced private placement of February 14, 2022. The non-brokered private placement consisted of 2,333,333 units at a price of $0.15 per unit for gross proceeds of $350,000. Each Unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.30 per share. All securities issued pursuant to the offering are subject to a statutory hold period ending June 19, 2022. No finders’ fees were paid for this placement. The closing of the private placement financing is subject to final TSX-V approval. The net proceeds from the Offering will be used by the Company for continued exploration and maintenance of its Lexington project and other BC mineral exploration projects, as well as for general working capital purposes. The Company also announces that further to its December 28, 2021, news release it has made the CDN $500,000. payment to Rivi Opportunity Fund LP. towards the promissory note as per the debt reorganization agreement. |
| On behalf of the Board of Directors: GOLDEN DAWN MINERALS INC. Per: “Christopher R. Anderson” Christopher R. Anderson Chief Executive Officer For further information, please contact: Golden Dawn Minerals Inc. – Corporate Communications: Tel: 604-488-3900 Email: Office@goldendawnminerals.com |
