ZURICH, SWITZERLAND / ACCESSWIRE / August 30, 2016 / Today, Stephan Bogner from Rockstone Research published an update on Golden Dawn Minerals Inc. (TSX.V: GOM). Yesterday before market open in Canada, the shares of Golden Dawn were halted. Shortly thereafter, material news was published that is poised to ascend this $30 million CAD valued junior from an explorer to a producer; one that plans to pour its first gold bar in British Columbia later this year.
In the last decade, only around 20 significant gold mines were put into production in Canada. A general rule of thumb indicates that only 1 out of 1,000 explorers actually become a producer. Golden Dawn is on a fast-track to become the next one.
Right after a press-release was published on August 8 about the extension of deadline (to September 6) to exercise its option to fully acquire the Greenwood Project from Huakan International Mining, the sceptics took the upper hand and the stock corrected. However yesterday, a $2.4 million USD funding agreement with New York based institutional investor Lind Partners LLC was accomplished, which enables Golden Dawn with its cash position to bring the required $3.4 million to the table in order to acquire 100% of the project. This nowadays sensational bargain price was negotiated by German CEO Wolf Wiese in a perfect manner at the end of the gold price correction in early 2016. The time for Golden Dawn and its shareholders has come.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn3en.pdf
English (web version):
http://rockstone-research.com/index.php/en/research-reports/1577-Ascend-from-explorer-to-producer-secured
German (PDF):
http://rockstone-research.com/images/PDF/GoldenDawn3de.pdf
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Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
ReleaseID: 444528
