Dawson Gold Enters Into Engagement Letter with Emerging Equities Inc.


Vancouver, British Columbia, October 13, 2017: Dawson Gold Corp. (NEX: DYU.H) (“Dawson” or the “Company”) is pleased to announce that it has entered into an engagement letter with Emerging Equities Inc. of Calgary (“EEI”) pursuant to which EEI will act as the lead agent for the Company in connection with its proposed prospectus offering of a minimum of 30,000,000 common shares and a maximum of 50,000,000 common shares of the Company at a price of $0.25 per share for gross proceeds of a minimum of $7,500,000 and a maximum of $12,500,000 (the “Offering”). The Company has also granted EEI an over-allotment option to purchase up to an additional 10,000,000 common shares at a price of $0.25 per share for a period of 30 day from the date of the completion of the Offering.

The Company has agreed to pay EEI a cash commission of 7% of the gross proceeds of the Offering and an option to purchase 7% of the number of shares sold pursuant to the Offering, exercisable for 24 months.

The common shares will be offered in the provinces of Alberta, British Columbia, and Ontario, and in such other jurisdictions including the United States and Europe subject to certain exemptions from registration of the shares being available.

Closing of the Offering is subject to, and will occur concurrently with, the completion of the proposed business transaction with FluidOil Limited (see news release dated April 12, 2017 for more information). The Offering is also subject to approval of the TSX Venture Exchange.

About Dawson Gold Corp.

Dawson Gold is a junior mineral exploration company with no active operations. The company was incorporated under the BCBCA on January 16, 2006, and is publicly traded on the NEX Board of the TSXV under the trading symbol “DYU.H”.

About FluidOil Limited

FluidOil is an independent, international oil services technology company that is commercializing the “Viscositor Heavy to Light” (“VHTL”) oil upgrading technology. VHTL is a proprietary and patented technology that provides a cost efficient and environmentally sound way to increase the economic viability of heavy oil production by upgrading close to source. The VHTL process improves the properties of heavy oil by reducing viscosity, reducing density, and removing undesired contaminants, resulting in a higher value synthetic crude oil which can be transported as easily as conventional crude oil.

About Emerging Equities Inc.

Emerging Equities Inc. (“EEI”) is an independent, employee owned Investment Dealer registered in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario, specializing in underwritings, mergers, acquisitions and divestitures of emerging companies (i.e. market capitalization of $2 – $300 million). EEI is a Type III introducing broker and a member of the Investment Industry Organization of Canada, the Canadian Investment Protection Fund, and a Participating Organization with the TSX Venture Exchange.

For more information, contact:

John Anderson, Director
T:  +1-604-218-7400
E:  john@purplefish.ca

Bijay Singh, Director
T:  +1-604-897-0132
E:  bijay@shaw.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities referenced in this press release have not and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon.