Golden Dawn Announces Change of Auditor

Rhea-AI Summary

Golden Dawn Minerals Inc. (OTC PINK:GDMRF) announced a change in auditors, appointing WDM Chartered Professional Accountants to replace Davidson and Company LLP. The company has filed a Notice of Change of Auditor on SEDAR. This transition may reflect efforts to enhance financial oversight as the company plans to consolidate shares. However, risks remain regarding the approval of this consolidation by the TSX Venture Exchange and the company's ability to secure additional capital.

Positive

• None.

Negative

• Potential delays in share consolidation approval from TSX Venture Exchange.
• Uncertainty about raising sufficient capital for business continuation.

VANCOUVER, BC / ACCESSWIRE / September 8, 2021 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRF), ("Golden Dawn" or the "Company"), announces that the board of directors of the Company has appointed WDM Chartered Professional Accountants Chartered Professional Accountants as the Company's new auditor, replacing Davidson and Company LLP, Chartered Professional Accountant.

The Company has filed a Notice of Change of Auditor in respect of this change under its profile on SEDAR at www.sedar.com.

On behalf of the Board of GOLDEN DAWN MINERALS INC.

Per: "Christopher R. Anderson"

Christopher R. Anderson
Chief Executive Officer

For further information, please contact:

Golden Dawn Minerals Inc. - Corporate Communications:
Tel: 604-488-3900
Email: Office@goldendawnminerals.com

Forward-Looking Statement Cautions:

This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company's securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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

SOURCE: Golden Dawn Minerals Inc.

View source version on accesswire.com:
https://www.accesswire.com/663259/Golden-Dawn-Announces-Change-of-Auditor

FAQ

What is the recent auditor change for Golden Dawn Minerals (GDMRF)?

Golden Dawn Minerals has appointed WDM Chartered Professional Accountants as its new auditor, replacing Davidson and Company LLP.

What does the Notice of Change of Auditor mean for GDMRF shareholders?

The Notice indicates a formal change in the auditing firm, which could affect financial oversight and reporting for the company.

What are the potential risks mentioned in Golden Dawn's press release?

The press release highlights risks related to the approval of share consolidation by the TSX Venture Exchange and the company's capital-raising challenges.

When was the auditor change announced for GDMRF?

The auditor change was announced on September 8, 2021.