Dynasty Closes $6,000,000 Private Placement To Sprott Asset Management
June 15th, 2007
Vancouver, B.C., June 15, 2007 - Dynasty Metals & Mining Inc. (TSXV: DMM, the “Company”) has closed the private placement of 1,000,000 shares, at a price of $6.00 per share, to Sprott Asset Management, of Toronto.
Canaccord Capital Corporation received a finder’s fee of 20,000 shares at a deemed price of $6.00 per share. All of the securities are subject to a hold period that will expire on October 15, 2007.
About Dynasty Metals & Mining Inc.
Dynasty Metals & Mining Inc. is a Canadian-based mining company involved in the exploration and development of mineral properties in Ecuador.
The Company has two advanced-stage gold projects, Jerusalem and Zaruma, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the Dynasty Goldfield and Copper Duke.
The Company recently announced its intention to finance the development of Copper Duke through a new 60% owned publicly-traded subsidiary; and the creation of a joint venture with Mariana Resources Ltd. to explore properties held by the two companies at the southern tip of the Dynasty Copper-Gold Belt.
Dynasty Metals & Mining Inc.
Robert Washer, President and CEO
For further information please visit the Company’s website at www.dynastymining.com, or please contact:
|Dynasty Metals & Mining Inc.|
Tel: (604) 687-0888
|Brisco Capital Partners Corp.|
Tel: (403) 262-9888
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