4770 72nd St,
Delta, BC V4K 3N3

QUESTIONS
604-245-6802

NEWSLETTER
SIGN UP

STOCK SYMBOL
TSX-V: DAU
OTC: DAUGF
              FKFT: QXR2.F

  • Home Page Banner Image
  • Home Page Banner Image
  • Home Page Banner Image

Desert Gold Ventures Inc. December 7, 2015 (“Desert Gold” or the “Company”) (TSX.V: DAU) announces a revision to the amount of capital it has raised from its non-brokered private placement, which was closed on November 20, 2015. The Company hereby corrects the amount it has raised to $539,500 from the sale of 7,707,142 Units at $0.07 per Unit.

Each Unit consists of one common share in the equity of the Company and one share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.09 per share for a period of five years from Closing. Warrants are subject to a thirty (30) day acceleration in the event the Company's shares trade at a weighted average of $0.50 CAD or more for ten (10) consecutive trading days and the Company announces such accelerated exercise period.

The proceeds of the Financing will be used for working capital purposes. The Financing has been approved by the TSXV.

ON BEHALF OF THE BOARD

“Ayub Khan”

Ayub Khan
Chief Executive Officer
(604) 357 4764

For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company s profile.

This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the united states securities act of 1933, as amended, and may not be offered or sold in the united states or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.