Business
Desert Gold Announces CAD $5 Million LIFE Private Placement
Not for distribution to US Newswire Services or for dissemination in the United StatesSurrey, British Columbia--(Newsfile Corp. - January 26, 2026) - Desert Gold Ventures Inc. (TSXV: DAU) ("Desert Gold" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for the sale of up to 62,500,000 units of the Company (the "Offered Units") at a price of C$0.08 per Offered Unit for gross proceeds of up to CAD $5,000,000. Red Cloud Securities Inc. is acting as a finder.
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"Not for distribution to US Newswire Services or for dissemination in the United States","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"Surrey, British Columbia--(Newsfile Corp. - January 26, 2026) - Desert Gold Ventures Inc. (TSXV: DAU) ("Desert Gold" or the "Company") is pleased to announce a non-brokered private placement (the "Offering") for the sale of up to 62,500,000 units of the Company (the "Offered Units") at a price of C$0.08 per Offered Unit for gross proceeds of up to CAD $5,000,000. Red Cloud Securities Inc. is acting as a finder for the Company in connection with the Offering.","length":502,"tagName":"p"},{"type":"text","content":"Each Offered Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall entitle the holder to purchase one common share of the Company at a price of C$0.12 at any time on or before the date which is 24 months after the Closing Date (as defined herein).","length":366,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds from the Offering to commission the first phase of its gravity plant at the Company's fully permitted Barani East gold oxide project in West Mali as well as for resource expansion and exploration drilling at its SMSZ Project in Western Mali and Tiegba gold project in Cote d'Ivoire and for general working capital purposes. Details are more fully described in the Offering Document (as herein defined).","length":454,"tagName":"p"},{"type":"text","content":"Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units will be offered for sale to purchasers resident in all of the provinces of Canada except Québec pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable from the sale of the Units are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. ...