01:52 PM EDT, 06/17/2025 (MT Newswires) -- Dynasty Gold ( DGDCF ) on Tuesday said it is closing an oversubscribed non-brokered private placement that raised $1.3 million.

The placement included a flow-through component of around 5.1-million units for proceeds of $0.85 million. Each flow-through unit, priced at $0.165, was made up of a tax-advantaged share and one half of a two-year warrant to buy a common share for $0.25.

The company also raised $0.45 million as it placed 3.6-million common share units priced at $0.125 made up and one half of a warrant with the same terms.

The company said proceeds from the flow-through offering will be used to incur "Canadian exploration expenses" " to advance the Corporation's Thundercloud gold project in Ontario. The net proceeds received from the non-flow-through offering will be used for working capital.

The company's shares were last seen down $0.005 to $0.125 on the TSX Venture Exchange.

Price: 0.13, Change: -0.01, Percent Change: -3.85