Private Placement of $ 25,000
Vancouver, August 28, 2013 - Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8N) (the "Company" or "Golden Dawn") announces that it has closed a non-brokered private placement financing. Golden Dawn issued 2,500,000 units for aggregate gross proceeds of $25,000. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles a holder to acquire one additional 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 Wolf Wiese, Director of the Company, who, through his affiliate company, subscribed for 1,000,000 units in the amount of $10,000, 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 28, 2013.
The Company plans to use the proceeds of this private placement to reduce its current financial obligations and to maintain its daily operations ($23,200) and to pay the wages of its corporate secretary, a Related Party (as such term is defined in the policies of the TSX Venture Exchange) ($1,800).
On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.
---------"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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