Dynasty Gold Closes an Oversubscribed Non-Brokered Private Placement of $1,300,298

Rhea-AI Summary

Dynasty Gold Corp. has successfully closed an oversubscribed non-brokered private placement, raising total gross proceeds of $1,300,298. The placement includes a Flow-Through component of 5,145,747 units at $0.165 per unit for $849,048, with each unit comprising one flow-through share and half a warrant exercisable at $0.25 for 24 months. Additionally, the company received subscriptions for 3,610,000 non-flow-through units at $0.125 per unit for $451,250, with similar warrant terms. Finder's fees total $54,279 plus 351,657 broker's warrants. The flow-through proceeds will fund Canadian exploration expenses at the Thundercloud gold project in Ontario, while non-flow-through proceeds will be used for working capital.

Positive

• Successfully raised $1.3M through an oversubscribed private placement, indicating strong investor interest
• Flow-through financing structure provides tax benefits to investors while funding exploration
• Proceeds will advance exploration at the Thundercloud gold project in Ontario
• 24-month warrant terms provide potential additional future funding at $0.25 per share

Negative

• Dilution of existing shareholders through issuance of new shares and warrants
• Finder's fees and broker's warrants represent additional costs and potential future dilution

Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G1) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to announce that, subject to Exchange approval, it is closing an oversubscribed non-brokered private placement for total gross proceeds of $1,300,298. This includes a Flow-Through component of 5,145,747 units for proceeds of $849,048. Each flow-through unit consists of one flow-through share at $0.165 and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow-through common share at $0.25 for twenty-four months from closing.

The company has also received subscriptions for 3,610,000 units of non-flow-through common shares for proceeds of $451,250. Each unit of non-flow through share consists of one common share at $0.125 and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at $0.25 for twenty-four months from closing.

All securities issued and issuable pursuant to the Private Placement will be subject to a four-month-and-one-day statutory hold period. Finder's fees of $54,279 and broker's warrants of 351,657, each warrant entitling the holder to purchase one common share at $0.165 for twenty-four months from closing, are payable to registered dealers.

The gross proceeds from the Flow-Through Offering will be used to incur "Canadian exploration expenses" that are "flow-through mining expenditures", as defined in subsection 66(15) of the Income Tax Act (Canada), to advance the Corporation's Thundercloud gold project in Ontario (see press release of June 2, 2025 for 2025 drill program plan). The proceeds will be renounced to the subscribers with an effective date not later than December 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of the Flow-Through Shares.

The net proceeds received from the non-flow-through Offering will be used for working capital.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian mineral exploration company currently focused on gold exploration in North America with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and in the Midas gold camp in Nevada. The Company is currently advancing its Thundercloud gold resource in northwest Ontario. A NI 43-101 Independent Technical Report, dated September 27, 2021, can be found on the Company's and SEDAR websites. The 100% owned Golden Repeat gold project in the Midas gold camp in Elko County, Nevada, is surrounded by a number of large-scale operating mines. For more information, please visit the Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"_____________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100
Email: ichong@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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255800

FAQ

How much did Dynasty Gold raise in their private placement?

Dynasty Gold raised total gross proceeds of $1,300,298, including $849,048 in flow-through units and $451,250 in non-flow-through units.

What is the exercise price and term of the warrants for DGDCF's private placement?

The warrants have an exercise price of $0.25 per share and are exercisable for 24 months from the closing date.

How will Dynasty Gold use the proceeds from the private placement?

The flow-through proceeds will fund Canadian exploration expenses at the Thundercloud gold project in Ontario, while non-flow-through proceeds will be used for working capital.

What are the finder's fees associated with Dynasty Gold's private placement?

The finder's fees total $54,279 plus 351,657 broker's warrants exercisable at $0.165 for 24 months.

What is the hold period for securities issued in Dynasty Gold's private placement?

All securities issued are subject to a four-month-and-one-day statutory hold period.