Golden Dawn Minerals Inc.: Private Placement of $ 21,500
Vancouver, July 31, 2013 - Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8N) (the "Company" or "Golden Dawn") announces that it has closed a non-brokered flow-through private placement financing. Golden Dawn issued 716,666 units for aggregate gross proceeds of $21,500. Each unit is comprised of one flow-through common share and one half of a non flow-through common share purchase warrant. Each whole warrant entitles a holder to acquire one additional non flow-through common share for a period of two years at a price of $0.05 before the first anniversary date of the issuance or $0.10 thereafter.
Aside from Frank Wright, Director of the Company, who subscribed for 416,666 units in the amount of $12,500, no other related party of the Company participated in the private placement and no finder's fee was paid. All securities issued under the offering are subject to a hold period under securities law of four months and a day from the date hereof, which will expire on December 1, 2013.
The $21,500 raised during the last flow-through private placement will be used to pay for the site visits to the Company's Boundary Falls property and May Mac mine, for soil sampling, assaying and other ground work necessary to prepare for the planned Fall drilling campaign.
On behalf of the Board of Directors:
---------"Wolf Wiese"______
-Wolf Wiese
President/ Chief Executive Officer
For further information, please contact:
Investor Relations
604-221-8936
wolf@goldendawnminerals.com
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.
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