LAS VEGAS, Aug. 11, 2011 /PRNewswire/ - Gold Dynamics Corp. (the "Company") (OTCBB:GLDN) is pleased to announce that it will be arranging a non-brokered private placement (the "Private Placement") to raise aggregate gross proceeds to the Company of up to $200,000 by the issuance of up to 4 million common shares at a price of USD $0.05 per share. Shares will be issued pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S").
The Company may pay a finder's fee in connection with the Private Placement equal to 8 percent of the amount raised from arm's length investors, in cash or common share of the Company at the option of the finder.
The net proceeds from the Private Placement will be used for general working capital purposes and to fund the exploration expenditures of the Santiago Gold Property.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in a jurisdiction in which such an offer, solicitation or sale would be unlawful.
For a full account of Gold Dynamics Corp. corporate objectives and contact information, please visit the website at www.golddynamics.com
ABOUT GOLD DYNAMICS CORP.
Gold Dynamics Corp. is an emerging precious metals explorer focused on underexplored regions of the world that is seeking to grow shareholder value by building gold and silver mineral resources through systematic exploration. The Company has brought together a highly experienced board and management team consisting of capable professionals with significant development and mine management experience.
Gold Dynamics Corp. seeks to identify, acquire, and develop deposits which have the potential to be world class and in an acceptable risk environment. Social responsibility and environmental stewardship are core values of the Company.
Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, or the generation of positive cash flow as a result, updating of the corporate website or the availability of an independent geological report outlining the leases, their production, and their potential.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of gold prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Gold Dynamics
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