Golden Dawn Minerals Inc. Announces Non-Brokered Private Placement



    
    TSX-V: GOM
    FRANKFURT EXCHANGE: 3G8
    

    VANCOUVER, Feb. 17 /CNW/ - Golden Dawn Minerals Inc. (TSX-V: GOM) (the
"Company") is pleased to announce a non-brokered private placement of up to
$120,000 through the sale of up to 1,000,000 units (the "Units") of the
Company at a price of $0.12 per Unit.
    Each Unit will consist of one common share and one-half of one share
purchase warrant, with each whole warrant entitling the holder thereof to
purchase an additional common share of the Company at a price of $0.20 per
share for a period of two years from the date of closing. The warrants are
subject to an acceleration clause whereby the Company shall have the right to
accelerate the Exercise Period if the closing price of the common shares of
the Company on the TSX Venture Exchange (the "Exchange") is equal to or
greater than $0.50/share for any 20 consecutive trading days.
    Proceeds received from the sale of the Units will be used for general
working capital.
    A fee equal to 1% the aggregate proceeds raised from the sale of the
Units by the Company will be paid to Aberdeen Gould Inc. pursuant to a Right
of First Refusal agreement between Golden Dawn Minerals Inc. and Aberdeen
Gould Inc.
    The above financing is subject to regulatory approval.

    
    ON BEHALF OF THE BOARD OF DIRECTORS OF
    GOLDEN DAWN MINERALS INC.


    "Freeman Smith"
    ------------------------
    Freeman Smith
    President/CEO

    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: Golden Dawn Minerals Inc., 3929 West 30 Avenue,
Vancouver, BC, V6S 1X2, Telephone: (604) 221-8936, Facsimile: (604) 221-8932

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Golden Dawn Minerals Inc.

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