Dynasty Gold closes $751,800 private placement

Executive Summary

• Dynasty Gold Corp. has closed a non-brokered private placement raising total gross proceeds of $751,800, combining both non-flow-through and flow-through units.
• The financing consists of two tranches: a non-flow-through portion raising $226,000 and a flow-through portion raising $525,800.
• The company states it is now fully financed for its current drill program and the 2026 exploration program, building on an existing cash reserve of over $3 million.

Key Details

• Total Gross Proceeds: $751,800.
• Non-Flow-Through Tranche:
  • Units Sold: 1,255,555 units.
  • Proceeds: $226,000.
  • Price per Unit: 18 cents.
  • Composition: One common share and one-half common share purchase warrant per unit.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one common share at $0.30 for 24 months from closing.
  • Call Provision: Company may call warrants for expiry with 20 days' notice if the common share trades at or above $0.43 on the TSX-V for seven consecutive days.
  • Use of Proceeds: Working capital.
  • Finder’s Fees: $15,820 payable to registered dealers.
  • Brokers' Warrants: 87,888 warrants payable to registered dealers, with terms identical to the common share warrants.
• Flow-Through Tranche:
  • Units Sold: 2.39 million units.
  • Proceeds: $525,800.
  • Price per Unit: 22 cents.
  • Composition: One flow-through share and one-half common share purchase warrant per unit.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one non-flow-through common share at $0.33 for 24 months from closing.
  • Call Provision: Company may call warrants for expiry with 20 days' notice if the common share trades at or above $0.43 on the TSX-V for seven consecutive days.
  • Finder’s Fees: $30,360 payable to Roche Securities Ltd.
  • Brokers' Warrants: 138,000 non-flow-through common share warrants payable to Roche Securities Ltd.
  • Warrant Terms (Brokers): Each warrant entitles the holder to purchase one common share at $0.22 for 24 months from closing.
  • Use of Proceeds: To incur Canadian exploration expenses (flow-through mining expenditures) to advance the Thundercloud gold project in Ontario.
  • Renunciation: Proceeds will be renounced to subscribers with an effective date no later than Dec. 31, 2025, in an aggregate amount of not less than the total gross proceeds raised.
• General Terms:
  • All securities are subject to a four-month-and-one-day statutory hold period.
  • Transaction is subject to exchange approval.