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| | November 23, 2007
Dynasty Gold Announces Close of the Second Tranche of the Private Placement
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| | Vancouver, Canada: Dynasty Gold Corp. (TSX-V: DYG; FWB: D5G) ("Dynasty" or the "Company") is pleased to announce the close of the 3,000,000 private placement previously announced on Stockwatch on October 18, 2007. The 3,000,000 unit private placement was closed for gross proceeds of $300,000. 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 shares and warrants issued are subject to a four month hold from the date of closing of the private placement.
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 received overwhelming interest in this non-brokered private placement and thanks its shareholders for their support.
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"
Ivy Chong, Interim President & CEO
For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100
Toll Free: 1.888.899.9669
Email: ichong@dynastygoldcorp.com
Investor Relations:
Jamie Mathers, Ascenta Capital Partners
Phone: 604.628.5800
Toll Free: 1.866.684.4209
Email: info@dynastygoldcorp.com
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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