|October 18, 2007|
Dynasty Gold Announces Increase of Non-brokered Private Placement
|Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG; FWB: D5G) ("Dynasty" or the "Company") announces that it has increased the non-brokered private placement announced on October 5 on Stockwatch to 10,000,000 units at a price of CDN$0.10 per unit for total gross proceeds of CDN$1,000,000. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at CDN$0.15 on the first anniversary from the date of closing (the "Closing Date"), and CDN$0.20 on the second anniversary from the date of closing. Finder's fees and warrants may be payable. The increase of the private placement is subject to the approval of TSX Venture Exchange. |
The Company will use the proceeds of the private placement to fund Hatu exploration program and for new project evaluation currently underway in the Qinghai Province of People's Republic of China.
Dynasty Gold Corp. is a Canadian gold exploration company working in China with three prospective gold properties currently being explored through partnerships with AngloGold Ashanti and Avocet Mining.
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, Interim President & CEO
For additional information please contact:
Toll Free: 1.888.899.9669
Jamie Mathers, Ascenta Capital Partners
Toll Free: 1.866.684.4209
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.
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