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| Home : Dawson Gold Financing |
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Jan 19
2012 |
Dawson Gold Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2012) - Dawson Gold Corp. (TSX VENTURE:DYU)(FRANKFURT:3DG) ("Dawson Gold" or the "Company") announces that, further to the news release of December 21, 2011, the Company continues to seek financing through the previously announced private placement.
The non-brokered a private placement consists of up to 16,000,000 units of the Company at a price of $0.05 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire a further share at a price of $0.10 exercisable for 18 months from the issuance date. The Company will pay a finder's fee of 6% in cash and finder's warrants on all or part of the private placement in accordance with the policies of the TSX-V. The proceeds from the private placement will be used to fund exploration on the Company's Toro project in Yukon and for general working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1609016&sourceType=3 |
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