Dynasty Gold Closes First Tranche Non-brokered Flow-Through Private Placement
1613 - 610 Granville Street
Vancouver, BC, V6C 3T3
Tel. (604) 633-2100
Fax: (604) 484-3559
www.dynastygoldcorp.com
Press Release 22-10-03
Trading Symbols: TSX-V: DYG
FSE: D5G1
OTC: DGDCF
Dynasty Gold Closes First Tranche Non-brokered Flow-Through Private Placement
October 14, 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 Tranche 1 non-brokered flow-through private placement of 3,458,000 units for gross
proceeds of $363,090. Each unit consists of one flow-through common share at $0.105 and one
common share purchase warrant at $0.15 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 common shares of the Company on the TSX-V is above $0.25 for 7 consecutive
trading days. The units issued under the private placement are subject to a four-month hold period
from the date of closing.
The proceeds from the private placement will be used for core drilling on the Thundercloud gold
property.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian exploration company 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 currently 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 the Tien Shan Gold belt, Xinjiang, China, with
which it is in legal dispute with Xinjiang Non-Ferrous 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]
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 results 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.