Golden Dawn Minerals Inc.

Published : June 12th, 2013

News Release

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Keywords :   Canada | K Street | London | Market | Precious Metals |

Announcing...

GOM Offers Convertible Debenture

 

                                                                                              TSX-V:    GOM

                                                                         FRANKFURT EXCHANGE:  3G8N

NEWS RELEASE

Golden Dawn Offers Convertible Debenture

 

Vancouver, June 12, 2013 � Wolf Wiese, CEO of Golden Dawn Minerals Inc. (TSX-V: GOM; FRANKFURT: 3G8N) (the �Company� or �Golden Dawn�) announces that the Company is issuing a convertible debenture. These debentures will be offered primarily offshore to institutions and qualified investors. It is anticipated that closing will occur within several tranches until the debenture is fully subscribed.  Finder�s fees of up to 10% may be paid.

 

The proceeds of this debenture will be used to develop Golden Dawn�s two underground Mines, the May Mac Mine and the Wild Rose Mine, to upgrade the existing Mill and for general working capital. These Mines and Mill are located on the Company�s Greenwood Precious Metal Project, 3 km west of the community of Greenwood in South Central B.C., Canada.         

 

Below are the terms of the debenture:

 

OFFERING OF SENIOR SECURED CONVERTIBLE DEBENTURES

 

Issuer:                                         Golden Dawn Minerals Inc. (the �Company�).

 

Offering:                                     Senior secured convertible debentures (the �Debentures�) to be issued on a �best efforts� private placement basis and to be sold without an offering memorandum, to one or more qualified investors acceptable to the Company.

 

Aggregate                                   Up to $3,500,000.00

Principal Amount:                     

 

Issue Price:                                 $10,000 per Debenture Unit.

 

Debenture Unit:                         Each Debenture Unit of $10,000 with coupon interest of 9.25% per annum.

 

Maturity Date:                           36 months from closing

 

Security:                                     Boundary Property with May-Mac Mine, Mill, and Tailing Pound as described in Appendix B.

 

Redemption:                              The Company shall have the option to redeem up to an aggregate of $3,500,000 of the Debentures, on a pro-rata basis, by paying 100% of the face value plus accrued interest of the Debentures after 24 month of issue. The debenture holder may choose the conversion features listed below instead.

 

Interest:                                      Interest shall be paid semi-annually in arrears. The rate of interest per annum will be 9.25%.

 

Subordination:                           The Debentures are direct, senior secured obligations of the    Company and will rank first of all of the Company�s existing and future senior unsecured indebtedness.

 

Conversion:                                From and after the Closing Date until the Maturity Date, the Debentures will be convertible into Common Shares at the option of the holder at the conversion price of $0.10 for 50% of the investment for $0.15 for next 25% of the investment and $0.20 for the remaining 25% of the investment.

 

Also each $10,000 debenture incremental has the right to purchase precious metals for the amount invested, at a 15% discount from London spot price for three years after the closing of debenture regardless if they have converted to common shares of the Company.

 

Upon conversion the Company will pay to the holder the interest accrued on the Debentures so converted up to but excluding the date of conversion.

 

Use of Proceeds:                      The Company will use the net proceeds of the Offering for the advancement of the Company�s mineral properties and for general corporate purposes. Specifically the company will develop the May Mac Mine and Wild Rose Mine.

 

TSXV Listing:                            The Company Common Shares are listed on the TSX Venture Exchange. There is currently no market for the Debentures and none is expected to develop.

 

Closing Date:                             On or before July 30th, 2013..

 

Golden Dawn Minerals Inc.

#575 -1111 West Hastings Street

Vancouver B.C. V6E 2J3 Canada

www.goldendawnminerals.com

 

 On behalf of the Board of Directors:

GOLDEN DAWN MINERALS INC.

­­­­­­­­­�Wolf Wiese�

­­­­Wolf Wiese

President/ ChiefExecutive Officer

 

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS DOCUMENT CONTAINS CERTAIN FORWARD LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, DELAYS, AND UNCERTAINTIES NOT UNDER THE COMPANY�S CONTROL WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE, OR ACHIEVEMENTS IMPLIED BY THESE FORWARD LOOKING STATEMENTS. WE SEEK SAFE HARBOR.

 

Golden Dawn Minerals Inc.

#575 -1111 West Hastings Street

Vancouver B.C. V6E 2J3
www.goldendawnminerals.com

(604) 221-8936



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golden dawn minerals inc. | 575-1111 West Hastings Street | Vancouver, BC V6E2J3, Canada

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Data and Statistics for these countries : Canada | All
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Golden Dawn Minerals Inc.

EXPLORATION STAGE
CODE : GOM.V
ISIN : CA3808956070
CUSIP : 380895 10 2
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Golden Dawn is a gold exploration company based in Canada.

Golden Dawn holds various exploration projects in Canada.

Its main exploration properties are TAM O'SHANTER, CENTRAL CATHARINE, 80 FOOT FALL, LINK-CATHARINE and WILD ROSE BC in Canada.

Golden Dawn is listed in Canada and in Germany. Its market capitalisation is CA$ 15.3 millions as of today (US$ 12.2 millions, € 10.7 millions).

Its stock quote reached its highest recent level on May 27, 2011 at CA$ 2.85, and its lowest recent point on October 17, 2014 at CA$ 0.01.

Golden Dawn has 101 870 000 shares outstanding.

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Financings of Golden Dawn Minerals Inc.
5/8/2013Announcing Proposed Private Placement
4/4/2013Private Placement of $66,810
1/8/2013Private Placement of $ 162,156
11/6/2012Closing of Private Placement of $140,500
Nominations of Golden Dawn Minerals Inc.
12/19/2013Results of AGM - Appointment of New Director
2/15/2011Announces New Appointment to Board
Project news of Golden Dawn Minerals Inc.
1/25/2016Golden Dawn reports final results of 2015 drilling at May-Ma...
12/11/2012Receives Updated Inferred Mineral Resource for Deadwood Gold...
1/25/2012Announces Exploration & Bulk Sampling Intentions on its Gree...
9/1/2011Announces Drilling Program on Boundary Falls
8/19/2011Announces Drilling Program on Wild Rose, Tam O'Shanter
8/4/2011and Nass Valley Gateway Announce NI 43-101
7/13/2011Receives Technical Report for NI 43-101
5/26/2011Receives Initial Mineral Resource Estimate
5/2/2011Renews Mine Evaluation at May Mac Mine
4/21/2011Schedules Resource Calculation
4/4/2011Intersects 127m Grading 0.43 g/t Gold
Corporate news of Golden Dawn Minerals Inc.
6/2/2016Golden Dawn Minerals Inc. Appoints New Executive Director & ...
5/12/2016Golden Dawn Drilling Intersects Gold And Silver Values Below...
4/25/2016Golden Dawn Completes Second Of Three Phases Of Huakan Green...
4/13/2016Golden Dawn Reports Positive Preliminary Economic Assessment...
4/13/2016Golden Dawn Signs Option Agreement With Huakan And Solicits ...
12/18/2015Closing of the Second Tranche of the Company’s Private Place...
12/18/2015Golden Dawn Minerals Inc.: Closing of the Second Tranche of ...
12/17/2015Golden Dawn Confirms Mineralized Zone Extends Below #6 And #...
11/23/2015IIROC Trading Resumption - GOM
11/23/2015Golden Dawn Drilling Intersects Mineralized Zone from #6 to ...
11/23/2015IIROC Trading Halt - GOM
10/22/2015Golden Dawn Minerals Inc. Assays Rock Channel Samples at 529...
10/15/2015GOLDEN DAWN MINERALS INC. STARTS DRILLING AT GREENWOOD PRECI...
10/14/2015Completion of the Financing for $268,147.40
10/13/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
10/1/2015GOLDEN DAWN MINERALS INC. SAMPLES 12.97 G/T GOLD OVER 0.87 M...
9/24/2015GOLDEN DAWN MINERALS INC. APPOINTS DR MATHEW BALL TO MANAGE ...
9/24/2015Golden Dawn Minerals Inc. Appoints Dr. Mathew Ball to Manage...
9/12/2015Golden Dawn Minerals Inc. Drops Tam O’Shanter Property
9/12/2015Golden Dawn Minerals Inc. Drops Tam O'Shanter Property
9/8/2015Golden Dawn Minerals Inc. Appoints a New German Director
9/2/2015Golden Dawn Minerals Inc. Upgrades Its Current Frankfurt Lis...
8/15/2015Completion of the Financing for $207,600
8/14/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
7/17/2015Golden Dawn Minerals Inc. Options Tam O'Shanter Property fro...
7/8/2015Golden Dawn Minerals Inc.: Completion of the Financing for $...
6/13/2015Closing of the First Tranche of the Company’s Non-Brokered P...
6/13/2015Golden Dawn Provides Update for Greenwood Exploration and Bu...
4/13/2015Golden Dawn Minerals Inc. Purchases 100% of Amigo Property, ...
4/13/2015Golden Dawn Minerals Inc. Granted Stock Options
4/2/2015Golden Dawn Minerals Inc. Granted Stock Options
3/26/2015Golden Dawn Minerals Inc. Purchases 100% of Amigo Property, ...
3/11/2015Closing of Private Placement
3/6/2015Company Update
2/5/2015Golden Dawn Announces Development Of Greenwood Project, Brit...
1/9/2015Final Tranche Closing of Private Placement
12/30/2014Closing the Private Placement of $ 65,250
10/28/2014Golden Dawn Announces Private Placement to Existing Sharehol...
4/17/2014Golden Dawn Drops Tam O' Shanter Property
4/4/2014Golden Dawn Announces the Resignation of Director
1/7/2014Announces Consolidation
6/12/2013News Release
3/14/2013Purchases the Boundary Falls Property Hosting the May Mac Mi...
1/29/2013Files National Instrument 43-101 Technical Report For Update...
12/11/2012News Release
10/2/2012News Release
10/2/2012s Exploration and Sampling Schedules for Greenwood Project W...
5/30/2012News Release
5/29/2012News Release
5/14/2012News Release
3/22/2012News Release
1/23/2012News Release
10/24/2011News Release
10/24/2011News Release
9/23/2011signs with Lichtfield
5/10/2011Schedules Drilling on Royal Attwood
5/9/2011s from Golden Dawn
5/9/2011SCHEDULES DRILLING OF MULTIPLE PRIORITY TITAN 24 GEOPHYSICAL...
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TSX-V (GOM.V)FRANKFURT (3G8.F)
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