Dynasty Gold Closes Financing and Exploration Permit Update
Press Release 20-06-1
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 Closes Financing and Exploration Permit Update
June 17, 2020
Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty"
or the "Company") is pleased to announce that subje ct to the Exchange’s approval, it closes a non-
brokered private placement of 4,000,000 units for g ross proceeds of $200,000. Each unit consists of
one common share at $0.05, and one common share pur chase warrant. Each warrant entitles the
holder to purchase one common share at $0.10 for th e first twelve months from closing and at $0.20
for six months thereafter. The Company shall have t he right to call the outstanding Warrants for
expiry upon a 20 days notice in the event that the closing price of the common shares of the
Company on the TSX-V is above $0.15 for 10 consecut ive trading days for the first twelve months
from closing and above $0.25 for six months thereaf ter. 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 placement for general working capital.
The Company has applied for an exploration permit for the Thundercloud project last year. However,
due to the outbreak of the COVID-19 pandemic, the P rovince of Ontario is under a State of
Emergency, which has delayed the permit application review and consultation. The Ministry of
Energy, Northern Development and Mines (ENDM) assur es that they will continue to work with
both the Company and communities to advance the pro cess as much as possible during this period.
Further updates will be provided when available. E xploration program planning and data review are
on-going, in preparation for the field work when the area can be open safely.
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.