Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Golden Dawn Minerals New GDMRF

"Golden Dawn Minerals Inc is a Canada based mineral exploration company. The principal activity of the company is the acquisition and exploration of mineral resource properties in Canada. The company is an exploration stage company being all the mineral properties it owns are in the exploration stage. The company operates Greenwood Gold Project which consists of a mill, tailings facilities, mining machinery and equipment and the Lexington and Gold Crown exploration properties located in the Gree


OTCPK:GDMRF - Post by User

Post by TELEMARKERon Apr 14, 2018 11:38am
75 Views
Post# 27884991

Same name, 100 million share financing coming

Same name, 100 million share financing coming

 

Golden Dawn plans 1:2 share rollback, financing

2018-04-04 19:38 ET - News Release

Mr. Wolf Wiese reports

GOLDEN DAWN ANNOUNCES FINANCING AND SHARE CONSOLIDATION

Golden Dawn Minerals Inc. proposes to undertake a financing of $3-million after the consolidation of its share capital on the basis of one new common share for two old common shares. The company's outstanding warrants and options will be consolidated as well. The proposed consolidation is subject to the approval of the TSX Venture Exchange.

Management has carefully considered the consolidation, and it concluded that a 1:2 consolidation is in the best interest of the company and the company's shareholders and will aid with future capital raises. The company is steadily advancing its Greenwood precious metals project, to commence trial mining at the Lexington mine by the third quarter of 2018.

As of the date hereof, the company has 134,758,258 common shares issued and outstanding. After giving effect to the consolidation, the company would have approximately 67,379,129 common shares issued and outstanding. The company's outstanding share purchase warrants and incentive stock options will also be consolidated. The company does not propose to change the corporate name of the company in conjunction with the consolidation.

The company also announces that it intends to undertake an equity financing of units for up to $3-million. The price per unit will be announced five days after the effective day of the consolidation. The company intends to use the proceeds from the offering to advance its Greenwood precious metals project.

The company also announces that effective March 31, 2018, Diana Mark has resigned as vice-president, corporate affairs. Golden Dawn has appreciated her leadership in the area of corporate governance. She will continue to provide the company with consulting services.

<< Previous
Bullboard Posts
Next >>