By Sheri Kasprzak
New York, Oct. 21 - Dynasty Gold Corp. has priced a private placement for up to C$1.3 million of units.
The company plans to sell up to 7,222,222 units at C$0.18 each.
The units include one share and one warrant. The warrants are exercisable at C$0.30 each for one year.
The proceeds will be used for exploration and development on the company's projects in China and for working capital.
Vancouver, B.C.-based Dynasty is a gold exploration and development company.
| Issuer: | Dynasty Gold Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.3 million
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| Units: | 7,222,222
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| Price: | C$0.18
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.30
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| Pricing date: | Oct. 20
|
| Stock price: | C$0.19 at close Oct. 20
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