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Further to its news release of April 26, 2018, Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F) has closed its non-brokered private placement and has noted that the offering is oversubscribed.
Further to its news release of April 26, 2018, Desert Gold Ventures Inc. (TSXV:DAU, OTC:DAUGF, FKFT:QXR2.F) has closed its non-brokered private placement and has noted that the offering is oversubscribed. The company has raised an aggregate of $647,500 from the sale of 4,676,668 units at a price of 15 cents per unit.
Pursuant to the terms of the financing, each unit consists of one common share in the equity of the company and one share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 20 cents per share for a period of five years from the closing of the offering.
All securities issued as a result of this offering are subject to a statutory hold period. There are no finders’ fees payable in connection with this offering. This offering is subject to exchange approval.
The proceeds of the offering will be used for exploration activities at the company’s projects in western Mali and for general working capital.
The company also announces that it has amended the exercise price of its stock options announced on May 2, 2018, from 19 cents to 25 cents.
We seek Safe Harbor.
Source: www.stockwatch.com
