The Conversation (0)
High Desert Gold Corporation (CVE:HDG) reports its proposed $3 million financing.
The press release is quoted as saying:
The Company expects to pay a cash commission equal to 7% of the gross proceeds from placees of any selling agent and to issue compensation warrants entitling the holder to acquire such number of Units as is equal to 7% of the aggregate number of Units sold to the placees of any selling agent in the Private Placement, at a price of $0.28 per Unit, exercisable for a period of 18 months following closing. All amounts are in Cdn$.
Ralph Fitch, President and CEO of High Desert Gold says:
“this financing will be very important for the Company and for our shareholders as it will allow us to proceed with our drilling plans at the developing Gold Springs gold project along the Utah/Nevada border and to progress the exploration at our other projects, including San Antonio in Sonora, Mexico. We are currently permitting 100 drill holes at Gold Springs and plan to start drilling in late winter, early spring, subject to permitting approval.”
Click here to access the entire news release.