1613 - 610 Granville Street Vancouver, BC, V6C 3T3 Tel. (604) 633-2100 Fax: (604) 484-3559 www.dynastygoldcorp.com
Press Release 22-11-03
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Closes Non-brokered Private Placement
November 25, 2022
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FSE: D5G1) (OTC: DGDCF) ("Dynasty" or the "Company") is pleased to announce that, subject to the Exchange’s approval, it closes a private placement of 2,429,059 units for gross proceeds of $170,034. Each unit consists of one common share at $0.07 and one common share purc hase warrant at $0.13 for a period of two years. The Company shall have the right to call the outstanding warrants for expiry upon 20 days notice in the event that the closing price of the c ommon shares of the Company on the TSX-V is above $0.23 for 7 consecutive trading days. The uni ts issued under the private placement are subject to a four-month hold period from the date of closing.
Directors and insiders participated in this private placement. The Company is relying on exemptions from the formal valuation and minority s hareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of Multilateral Instrument 61-101 on the basis that participation in the Offering by insiders does not exceed 25% of the fair market value of the Company's market capitalization.
The proceeds of the private placement will be used for corporate purposes.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian exploration compan y currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The Company is curre ntly advancing its Thundercloud gold deposit which contains 182,000 oz gold. The 43-101 Mineral Resource report and related press release with details on the resource are available on the Company's website and were filed on www.sedar.com . The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large- scale operating mines. In addition, Dynasty owns a 70% interest in the Hatu Qi2 gold mine in th e Tien Shan Gold belt, Xinjiang, China, with which it is in legal dispute with Xinjiang Non-Ferr ous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd. For more information, please visit the Company’s website www.dynastygoldcorp.com .
ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.
“Ivy Chong” _________________________________ Ivy Chong, President & CEO
For additional information please contact: Vancouver Office : Ivy Chong Phone: 604.633.2100. Email: [email protected]
1613 - 610 Granville Street Vancouver, BC, V6C 3T3 Tel. (604) 633-2100 Fax: (604) 484-3559 www.dynastygoldcorp.com
Press Release 22-11-03
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
This press release contains certain "forward-lookin g statements" that involve a number of risks and un certainties. There can be no assurance that such statements will prove to be acc urate and actual results and future events could di ffer materially from those anticipated in such statements. The TSX Venture Exc hange has not reviewed and does not accept responsi bility for the adequacy or accuracy of this release.