VANCOUVER, Oct. 2, 2017 /CNW/ - Dynasty Gold Corp. (TSX-V:
DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is
pleased to announce that it has increased and closed the
non-brokered private placement announced on September 18, 2017. The Company has
received the Exchange's approval to issue 2,668,000 units at
$0.125 per unit for gross proceeds of
$333,500. 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 $0.20 for the first year and
at $0.25 for the second year from
closing. The Company will have the right to call the outstanding
Warrants for expiry upon 30 days notice in the event that the
closing price of the common shares of the Company on the TSX-V is
above $0.45 for 10 consecutive
trading days. The shares and warrants issued are subject to a four
month hold from the date of closing of the private placement.
Finder's fees are payable to a portion of the private
placement.
The Company would like to thank its shareholders for their
continued support and welcome new shareholders who participated in
this private placement. The proceeds of the private placement
will be used to fund project work and for general working
capital.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company
currently focused on gold exploration in North America. For more information
on the Company and its projects, please refer to the website
www.dynastygoldcorp.com.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
"Ivy Chong"
Ivy Chong,
President & CEO
This press release contains certain "forward-looking
statements" that involve a number of risks and uncertainties. There
can be no assurance that such statements will prove to be accurate
and actual results and future events could differ materially from
those anticipated in such statements. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this
release.
SOURCE Dynasty Gold Corp.