4770 72nd St,
Delta, BC V4K 3N3

QUESTIONS
604-357-4726

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

Delta, British Columbia, November 30, 2018. Desert Gold Ventures Inc. (“Desert Gold” or “the Company”) (TSX.V: DAU, FF: QXR2, OTC: DAUGF) announces that, subject to exchange approval, it will conduct a non-brokered private placement of up to 5,000,000 units at a price of $0.15 per unit (the “Unit”) to raise up to an aggregate of $750,000 (the “Financing”).

Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.15 per common share for a period of two (2) years from the closing of the Financing, subject to a 30-day acceleration period, upon announcement by the Company of the common shares trading at $0.75 or more for 10 consecutive trading days.

The proceeds of the Financing will be used for exploration work at the Company’s projects in Western Mali and for general working capital purposes. The Company may pay a finder’s fee to qualified finders in respect to the Financing. Securities issued as a result of the Financing will be subject to a statutory hold period.

ON BEHALF THE OF THE BOARD

“Jared Scharf”

___________________________

Jared Scharf

President & Director

+1 (858) 247-8195

 

For further information please visit 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.