Dynasty To Launch Normal Course Issuer Bid
May 27th, 2005
Vancouver, BC, May 27, 2005 - Dynasty Metals & Mining Inc. (TSXV:DMM, “Dynasty” or the “Company”)reports that it has obtained the approval of the TSX Venture Exchange to undertake a normal course issuer bid to purchase up to 500,000 (2.5%) of its 19,973,415 issued and outstanding common shares, being 5.2% of the public float of 9,676,415 of the Company’s common shares.
Share purchases will be made on the open market through the facilities of the TSX Venture Exchange and will be conducted through Canaccord Capital Corp. The price paid will be the prevailing market price of the common shares at the time of purchase. Any shares purchased pursuant to the bid will be cancelled and returned to treasury.
The bid will commence on June 1, 2005 and will terminate on the earlier of May 31, 2006, or at such time as the bid has been completed, or the date the Bid is terminated at the Company’s discretion.
The Company believes that the current market price of its securities does not give full effect to their underlying value and that, accordingly, the purchase of securities will increase the proportionate interest of, and be advantageous to, all remaining shareholders. The normal course purchases will also afford an increased degree of liquidity in the market.
The Company has not previously made any normal course issuer bids.
Further announcements will be made as and when appropriate.
Dynasty Metals & Mining Inc.
President and CEO
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’s present activities are focused on the discovery and development of gold, silver and copper resources on three major projects.
For further information about the Company, please contact Murray Oliver at (604) 687- 0888 Ext. 3 or firstname.lastname@example.org or visit the Company’s website at www.dynastymining.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.