Metals News - Golden Dawn Minerals Inc. - Non-Brokered Private Placement

Golden Dawn Minerals Inc. - Non-Brokered Private Placement

    TSX-V: GOM
    FRANKFURT EXCHANGE: 3G8

The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to U.S. persons without registration or applicable exemption from the registration requirement of such Act. This release does not constitute an offer for sale of such securities in the United States of America.

VANCOUVER, Sept. 7 /CNW/ - GOLDEN DAWN MINERALS INC. (the "Company") is increasing the private placement announced on September 3, 2010 from $1,000,000 to $1,200,000. The private placement will now consist of 24,000,000 units of $0.05 per unit. Each unit consists of one non flow through share and one non flow through warrant, exercisable at the price of $0.10 in the first year following date of issue and at a price of $0.12 in the subsequent year. Should the private placement be oversubscribed, the Company will issue up to 2,400,000 additional units.

The Company wishes to announce a second tranche of a private placement consisting of 737,500 units at $0.20 per unit for total proceeds of $147,500. Each unit consists of three flow through shares, one non flow through share and two flow through warrants exercisable at a price of $0.12 in the first year following the date of issue and at a price of $0.15 in the subsequent year.

The Company will use these funds toward a drilling program on its Greenwood properties in British Columbia and working capital. The Company is currently waiting for its drill permit for the Wild Rose property and will be applying for drill permits for the Boundary Falls and Royal Attwood properties.

    ON BEHALF OF THE BOARD OF DIRECTORS OF
    GOLDEN DAWN MINERALS INC.
    "Wolf Wiese"

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    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.