Golden Dawn Minerals Inc.: Private Placement of $ 113,470
![Golden Dawn Minerals Inc.: Private Placement of $ 113,470](https://www.minenportal.de/media/goldseiten-news.jpg)
Aside from Wolf Wiese, CEO of the Company, who subscribed for 2,500,000 units in the amount of $50,000, 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 October 22, 2013.
The Company will use the proceeds to reduce its trade payables by $26,170; $15,000 to pay for the metallurgical work; $15,000 for the office rent, $5,300 and $10,000 for filing and consulting fees, respectively; $24,000 for salaries and wages and remaining $18,000 for the travel and marketing expenses. The travel and marketing expenses consist of two trips to Germany associated with marketing of its debenture offering, a trip to New York and two trips to Toronto.
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 OR 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.