Golden Dawn proposes share consolidation
TSX-V: GOM
FRANKFURT EXCHANGE: 3G8
VANCOUVER, March 12, 2012 /PRNewswire/ - Golden Dawn Minerals Inc.
(the 'Company' or 'Golden Dawn') wishes to announce that the Company will be seeking shareholder approval to consolidate the Company's common shares ('Common Shares') on the basis of one (1) post-consolidation Common Share for every three (3) pre-consolidation Common Shares or at such lower consolidation ratio as may be required by the TSX Venture Exchange (the 'Share Consolidation').It is management's view that the Share Consolidation will benefit the Company by increasing investor interest and aiding the Company's ability to raise additional capital.
As at the date hereof, there are an aggregate of 112,816,692 Common Shares issued and outstanding. It is expected that, upon completion of the Share Consolidation, there will be an aggregate of approximately 37,605,564 Common Shares issued and outstanding.
The Company's name will not be changed pursuant to this Share Consolidation.
The completion of the proposed Share Consolidation is subject to TSX Venture Exchange and shareholder approvals.
ON BEHALF OF THE BOARD OF DIRECTORS OF
GOLDEN DAWN MINERALS INC.
'Wolf Wiese'
_____________________________
Wolf Wiese
President/CEO
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER 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.
Golden Dawn Minerals Inc.
CONTACT: GOLDEN DAWN MINERALS INC.
575 1111 WEST HASTINGS STREET,
VANCOUVER, BC, V6E 2J3
Telephone: (604) 221-8936
Facsimile: (604) 336-1490
