Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") announces implementation of the Warrant Incentive Program (the “Program”) for the private placement closed on March 26, 2018. The private placement was closed at $0.20 per unit, each unit consisted of one common share at $0.20 and one common share purchase warrant (the “Warrant”) at $0.30 for the first year and at $0.40 for the second year.
Subject to the Exchange’s approval, warrant holders can exercise their Warrants at $0.16 from October 16 to October 26 before 5:00 pm local time (the “Closing Date”), and receive an incentive warrant at $0.20 for 18 months from the Closing Date. Any Warrants that are not exercised during the Early Exercise Period will remain outstanding and continue to be exercisable for shares under their current terms. Insiders are restricted in participating in the Program to an aggregate of 177,500 shares. The proceeds from the Warrants being exercised will be used for general working capital.
About Dynasty Gold Corp.
Dynasty Gold Corp. is a Canadian gold exploration company currently focused on gold exploration in North America. For more information on the Company and its projects, please refer to the website www.dynastygoldcorp.com.
ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.
Ivy Chong, President & CEO
For additional information please contact:
Phone: 604.633.2100. Email: firstname.lastname@example.org
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.