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Vancouver, July 27, 2018 – Golden Dawn Minerals Inc., (TSX-V: GOM; FRANKFURT: 3G8B; OTC: GDMRF) (the “Company” or “Golden Dawn”) announces that, subject to regulatory approval, the Company has closed the Offering announced June 1, 2018, through the issuance of a total of 2,181,111 NFT Units, raising $588,900. A total of 2,181,111 share purchase warrants were issued at an exercise price of $0.35 for a term of 36 months. All shares and warrants issued are subject to a four month and one day hold period, expiring on Oct 2, 2018.

Non-flow through units (“NFT Units”) will be issued at a price of $0.27 per NFT Unit. The Company may accelerate the expiry date of the Warrants if the volume weighted average closing price of the Shares of the Company on the Toronto Venture Stock Exchange for 10 consecutive trading days exceeds CAD

$0.55. The Warrants will expire 30 days from the Company giving notice of its election to accelerate expiry. The Offering is subject to TSX Venture Exchange (“TSXV”) approval.

Also subject to regulatory approval, the Company announces that in respect of the closing, it has paid total commissions of $24,000 and issued 88,888 compensation warrants. The compensation warrants are non-transferable and may be exercised at a price of $0.35 per share until June 1, 2021 with a hold period expiring on Oct 2, 2018.

The proceeds of the Offering will be utilized for exploration on its Greenwood Precious Metals Project, commencement of trial mining and for general working capital.

 

On behalf of the Board of Directors: GOLDEN DAWN MINERALS INC.

Stephen Leahy, Director

For further information, please contact: Corporate Communications

604-221-8936

allinfo@goldendawnminerals.com www.goldendawnminerals.com

 

This press release was prepared by management who takes full responsibility for its contents. Neither the 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.