Golden Dawn Minerals Inc. Announces Non-Brokered Private Placement



    TSX-V: GOM

    VANCOUVER, Sept. 11 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM)
(the "Company") is pleased to announce a non-brokered private placement of up
to $875,000 through the sale of up to 1,437,500 flow-through units (the
"FT Units") of the Company at a price of $0.40 per FT Unit and up to
857,143 non-flow-through units (the "NFT Units") of the Company at a price of
$0.35 per NFT Unit.
    Each FT Unit will consist of one flow-through common share and one-half
of one non-flow-through common share purchase warrant. Each whole warrant will
entitle the holder to purchase one additional non-flow-through common share of
the Company for a period of two years at a price of $0.50 per share. A
restriction on the warrants provides that if the Company's shares trade on the
TSX Venture Exchange at a price of $0.65 per share or higher for
20 consecutive trading days, then the warrants must be exercised within
30 calendar days of express written notice to the warrantholder or they will
be cancelled.
    Each NFT Unit will consist of one non-flow-through common share and one
non-flow-through common share purchase warrant. Each warrant will entitled the
holder to subscribe for one additional common share of the Company for a
period of two years at a price of $0.50 per share. A restriction on the
warrants provides that if the Company's shares trade on the TSX Venture
Exchange at a price of $0.65 per share or higher for 20 consecutive trading
days, then the warrants must be exercised within 30 calendar days of express
written notice to the warrantholder or they will be cancelled.
    Aberdeen Gould Inc. act as a finder with respect to this financing, A 7%
aggregate cash finder's fee will be payable to the finder. In addition, the
Company will issue the finders an aggregate of 10% in compensation options.
Each compensation option will entitle the holder to acquire one NFT Unit at a
price of $0.35 per NFT Unit for compensation options issued to a finder in
relation to any NFT Units sold and at a price of $0.40 per NFT Unit for
compensation options issued to a finder in relation to any FT Units sold.
    Proceeds received from the sale of the FT Units will be used for work on
the Company's properties and proceeds received from the sale of the NFT Units
will be used for general working capital.
    The above transaction is subject to regulatory approval.

    ON BEHALF OF THE BOARD OF DIRECTORS OF
    GOLDEN DAWN MINERALS INC.
    --------------------------------------
    David Dobson
    President & Director

    THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
    RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER
    APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.





For further information:

For further information: 3929 West 30th Avenue, Vancouver, BC, Canada,
V6S 1X2, P. (604) 221-8936, F. (604) 221-8932

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Golden Dawn Minerals Inc.

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