Golden Dawn Provides Update on Status of Debt Reorganization

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Oct 18, 2019
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VANCOUVER, BC / ACCESSWIRE / October 18, 2019 / Golden Dawn Minerals Inc., (TSXV:GOM, Financial)(OTC:GDMRF)(FRANKFURT:3G8B), ("Golden Dawn" or the "Company"), is pleased to announce that the Company is progressing towards completing the debt reorganization and restructuring plans first announced on April 8, 2019, and updated in the Company's press releases dated July 12, 2019 and August 16, 2019. The debt reorganization and restructuring centres on an agreement (the "Debt Reorganization Agreement") between the Company and 1136130 B.C. Ltd. ("1136130"), pursuant to which the Company can convert a significant amount of its existing liabilities into equity and favourably amend the terms of its remaining senior secured liabilities owing to RIVI Opportunity Fund LP ("RIVI") (the "Debt Reorganization Transactions").