Dynasty Gold Announces a $355,000 Private Placement and Appoints Bob Gallagher to the Advisory Board
Press Release 18-02-2
Trading Symbols: TSX-V: DYG
FWB: D5G
OTC: DGDCF
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Dynasty Gold Announces a $355,000 Private Placement and Appoints Bob Gallagher to the
Advisory Board
February 28, 2018
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty"
or the "Company") is pleased to announce that subject to the Exchange’s approval, it has completed a
non-brokered private placement of 1,775,000 units f or gross proceeds of $355,000. Each unit
consists of one common share at $0.20, and one comm on share purchase warrant. Each warrant
entitles the holder to purchase one common share at $0.30 for the first year and at $0.40 for the
second year from closing. The Company shall have th e right to call the outstanding Warrants for
expiry upon 30 days notice in the event that the cl osing price of the common shares of the Company
on the TSX-V is above $0.50 for 10 consecutive trad ing days. The units issued under the private
placement are subject to a four-month hold period from the date of closing.
The Company will use the proceeds of the private pl acement to fund exploration programs on the
Thundercloud property in Ontario and the Golden Rep eat property in Nevada, and for general
working capital.
The Company also welcomes Robert (Bob) Gallagher to the Advisory Board. “It is with great
pleasure that I welcome Bob back to the Company joi ning the Advisory Board,” stated Ivy Chong,
President and CEO. “Bob’s reputation and experience in the mining industry is invaluable to the
Company as we start an exploration program on the n ewly optioned Thundercloud gold property
from Teck Resources Ltd., located on the well-known Greenstone Gold belt in Northwestern
Ontario.”
A mining veteran with over 35 years experience in m ine development and operations, Mr.
Gallagher’s most recent position was the Chief Exec utive Officer of New Gold where he was
responsible for putting New Gold’s Rainy River Mine into production. Bob negotiated and signed
multiple agreements with the First Nations in the a rea, and his skills in negotiating and reaching
agreements are highly regarded in the industry. Dy nasty’s Thundercloud property is located about
75 kilometres north-northeast of the Rainy River Mine.
Mr. Gallagher currently sits on the BC Hydro Board, is a director of Yamana Gold Inc. and
Capstone Mining Corp. among others. Bob was awarde d the 2014 E. A. Scholz Award for
excellence in mine development by The Association f or Mineral Exploration British Columbia
(AME BC).
The Company’s current advisory board consists of Me ssrs. R. Stuart (Tookie) Angus, Roman
Shklanka, and Ted Muraro.
Press Release 18-02-2
Trading Symbols: TSX-V: DYG
FWB: D5G
OTC: DGDCF
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
About Thundercloud Property in Ontario, Canada
The Thundercloud Property consists of 2,250 hectare s, located 47 kilometres southeast of Dryden, in
the central Wabigoon greenstone belt in Western Ont ario. The geological setting is analogous to the
Abitibi belt in Eastern Ontario but Thundercloud is much less explored. Close to 30 M oz of gold has
been discovered in the area in recent years. Two m ain zones were identified on the Property, the
Pelham Zone and West Contact Zone. Pelham Zone hos ts an initial resource estimate of 300,000 oz
of gold (not NI43-101 complaint). Trench samples co llected from the West Contact Zone during the
2006/2007 exploration campaign returned between 1.0 -9.8 g/t gold, including 8.02 g/t gold over 39.0
m and 89.4 g/t gold over 3.0 m. Little follow up work was done in this area.
About Golden Repeat Property in Nevada, USA
The Company’s 100-percent owned Golden Repeat Prope rty consisting of 49 claims is located in the
Elko County, in the most prolific Midas region of N evada. The Property is about 10 miles west-
southwest of Klondex's Midas mine and 22 miles west -northwest of Klondex’s Hollister mine. These
claims host many geological similarities to the well-known Midas Gold District.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration c ompany currently focused on gold
exploration in North America. For more information on the Company and its project s, please
refer to the 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]
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual res ults and future events could differ materially from those anticipated in such statements. The TSX
Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.