Desert Gold accepts $30,000 subscription for placement

Executive Summary

• Desert Gold Ventures Inc. will issue an additional 375,000 units for $30,000 to correct a clerical error from its recent $7.18 M private placement.
• Each unit contains one common share and half of a common‑share purchase warrant (exercisable at US $0.12 per share for two years).
• The securities are subject to a 4‑month‑plus‑1‑day trading restriction; proceeds will be used for general working capital pending TSX Venture Exchange approval.

Key Details

• Additional Units: 375,000 units (total consideration $30,000).
• Unit Composition: 1 common share + ½ warrant per unit; each whole warrant exercisable at US $0.12 per share for a two‑year term.
• No Finder’s Fees: The issuance will not involve any finder’s compensation.
• Trading Restrictions: Units and warrants subject to a lock‑up period of four months and one day from the date of issuance.
• Use of Proceeds: Funds will be added to general working capital for ongoing exploration and development activities in Mali and Ivory Coast.
• Regulatory Condition: The additional issuance remains subject to approval by the TSX Venture Exchange.

Notable Quotes

(No executive quotes were provided in the release.)