By Devika Patel
Knoxville, Tenn., Oct. 18 - Dynasty Gold Corp. said it is increasing a non-brokered private placement of units to C$1 million from C$700,000. The deal priced on Oct. 5.
The company now will sell 10,000,000 units at C$0.10 apiece. It originally planned to sell 7,000,000 units at that price.
Each unit consists of one common share and one warrant. Each two-year warrant is exercisable at C$0.15 for the first year and at C$0.20 for the second year.
Proceeds will be used for exploration and for new project evaluation.
Based in Vancouver, B.C., Dynasty is a gold exploration company primarily engaged in the acquisition, exploration and development of mining properties in China.
| Issuer: | Dynasty Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 10,000,000
|
| Price: | C$0.10
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.15 in the first year; C$0.20 in the second year
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 5
|
| Upsized: | Oct. 18
|
| Stock symbol: | TSX Venture: DYG
|
| Stock price: | C$0.11 at close Oct. 5
|
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