Seventeen-year-old Dale died following a disturbance in Gorebridge in February.
The memorial fund aims to promote awareness of the consequences of knife crime and help build better communities for young people to grow up in.
Money raised on the night will also go towards the charity KnifeCrimes.org, which provides support for the victims of knife crime and their families.
There will be a prize for the best dressed person on the night, which will be hosted by DJ Doad. A raffle will also be held.
The event takes place on Saturday, October 8 at The Roadhouse, John Street, from 7.30pm to 2am. Tickets, priced £5 each, are available at the pub.