By Sheri Kasprzak
New York, Feb. 24 - Dynasty Gold Corp. said it has negotiated a non-brokered private placement for up to C$2.8 million.
The company plans to sell up to 7 million units of one share and one half-share warrant.
The whole warrants are exercisable at C$0.60 each for two years.
Proceeds will be used for exploration and development of the company's projects in northwestern China. The remainder will be used for working capital.
Based in Vancouver, B.C., Dynasty is a gold exploration company.
| Issuer: | Dynasty Gold Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.8 million (maximum)
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| Units: | 7 million (maximum)
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| Price: | C$0.40
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.60
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| Placement agent: | Non-brokered
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| Pricing date: | Feb. 24
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| Stock symbol: | TSX Venture: DYG
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| Stock price: | C$0.43 at close Feb. 24
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