On September 8, 2020, Golden Dawn Minerals Inc. (TSXV:GOM) closed the transaction. The company issued 5,000,000 units at a price of CAD 0.105 per unit for gross proceeds of CAD 525,000 in a non-brokered private placement. The transaction included participation from two placees. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.18 for a period of 18 months from date of closing, subject to accelerated expiry should the common shares trade on the TSX Venture Exchange at CAD 0.20 or higher for 10 non-consecutive trading days, the company shall have the right to accelerate the expiry date of the warrants to the date that is 30 days after the company has elected to exercise the acceleration right. The securities will have a hold period up to January 5, 2021. TSX Venture Exchange has accepted for filing documentation with respect to the transaction.