Golden Dawn Announces LOI to Acquire the Copper-Gold Lone Star Property

Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the “Company” or “Golden Dawn”) announces that the Company has signed a non-binding LOI with Advanced Mineral Technology Inc. (the “Vendor”), who owns 100% of the issued and outstanding common shares of BGP Resources Inc. (“BGP” and the “BGP Shares”).
As quoted in the press release:

Golden Dawn is acquiring the Lone Star Property through the acquisition of BGP Resources Ltd., a private Washington State corporation which holds 100% interest in the Lone Star Property subject to a 2.5% NSR. In consideration and subject to Regulatory Approval, the Company will pay the Vendor $200,000 in cash and $200,000 in common shares at a price to be determined by the average trading price of the Company’s common shares on the TSX Venture Exchange prior to the announcement of the Letter of Intent.

Click here for the full text release