Vancouver, British Columbia--(Newsfile Corp. - August 14, 2015) - Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FSE: 3G8N) (the "Company" or "Golden Dawn") reports that the Company has closed a non-brokered private placement financing of 2,595,000 non flow-through units (the "NFT Units") at $0.08 per NFT Unit with a full warrant exercisable for two years at $0.10 per share for gross proceeds of $207,600. This transaction is subject to TSX-V approval.
Funds will be used to extend the #7 Adit of the Company's 100% owned May Mac Mine to the next mineralized Zone assumed to be 50 to 75 meters north of the existing face and also to amend the existing permits on the May Mac Mine for the planned 2015 underground development and drilling program.
Together with funds raised earlier underground drifting and drilling is planned at the May Mac Mine and surface drilling at both the Amigo Mine and the Lower Skomac Vein area of the May Mac Mine. The Amigo Mine is located 1,100 meters south of the May Mac Mine.
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.
