Business
Desert Gold Announces Extension of Its Non-Brokered Private Placement
Surrey, British Columbia--(Newsfile Corp. - February 24, 2017) - Desert Gold Ventures Inc. (...
About this update from Desert Gold Ventures Inc.
[{"type":"text","content":"\nDesert Gold Announces Extension of Its Non-Brokered Private PlacementSurrey, British Columbia--(Newsfile Corp. - February 24, 2017) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTC Pink: DAUGF) (\"Desert Gold\" or \"the Company\") announces that it has received consent from the Toronto Venture Stock Exchange (\"TSXV\") to extend the closing of its non-brokered private placement, initially announced November 22, 2016 to March 10, 2017. The financing consists of up to 4,000,000 units at a price of CAD$0.25 per unit (the \"Unit\") to raise up to an aggregate CAD$1,000,000 (the \"Financing\"). Each Unit will consist of one common share in the equity of the Company and one share purchase warrant (the \"Warrant\"). Each Warrant shall entitle the holder to purchase one additional common share of the Company at a price of CAD$0.30 per share for a period of five (5) years from the closing of this Financing. Warrants will be subject to a thirty (30) day acceleration upon announcement by the Company that its shares have traded on a weighted average of $1.00 per common share, or more, for ten (10) consecutive trading days. The proceeds of the Financing will be used for general working capital and development purposes. There may be a finder's fee payable for the Financing. Securities issued as a result of the Financing will be subject to a statutory hold period. The Financing is subject to the TSXV approval. ON BEHALF OF THE BOARD\"Jared Scharf\"___________________________Jared ScharfDirector and President(604) 245-6802For further information please visit our website www.desertgold.ca or information available on www.SEDAR.com under the company's profile. Certain statements contained in this release may constitute \"forward-looking statements\" or \"forward-looking information\" (collectively \"forward-looking information\") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words \"could\", \"intend\", \"expect\", \"believe\", \"will\", \"projected\", \"estimated\", \"anticipates\" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the o...