Golden Dawn Minerals Inc. (TSXV:GOM) announced a non-brokered private placement of 4,000,000 units at a price of CAD 0.06 per unit for gross proceeds of CAD 240,000 on May 22, 2020. Each unit will consist of one common share and one share purchase warrant of the company. Each warrant entitles the investor to purchase one additional common share of the company at an exercise price of CAD 0.08 per share for a period of 24 months from the closing date. The transaction may include participation from directors, officers or other insiders of the company. The company may pay finder's fee in the transaction. All securities to be issued will be subject to a hold period of four months and one day from the date of closing. The transaction is subject to the approval of TSX Venture Exchange.