Dynasty Gold Corp. closes PP
Dynasty Gold closes $300,000 private placement
2007-11-23 19:39 ET - Private Placement
Ms. Ivy Chong reports
DYNASTY GOLD ANNOUNCES CLOSE OF THE SECOND TRANCHE OF THE PRIVATE PLACEMENT
Dynasty Gold Corp. has closed the three-million-unit private placement in news in Stockwatch on Oct. 18, 2007. The three-million-unit private placement was closed for gross proceeds of $300,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at 15 cents on the first anniversary from the date of closing and 20 cents on the second anniversary from the date of closing. Finders' fees and warrants may be payable. The shares and warrants issued are subject to a four-month hold from the date of closing of the private placement.
The company will use the proceeds of the private placement to finance the Hatu exploration program and for new project evaluation currently under way in the Qinghai province of the People's Republic of China.
Dynasty received overwhelming interest in this non-brokered private placement and thanks its shareholders for their support.
We seek Safe Harbor.