Northwire Canada EditionSaturday, October 17, 2026
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GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0% GOLD 4181.10 +0.3% SILVER 57.30 +0.3% COPPER 6.57 +0.3% OIL 99.02 +1.1% PALLADIUM 1118.60 −0.9% GBU 0.095 +0.0% ATY 0.225 +4.7% GRDM 0.215 +0.0% PPM 0.300 +0.0% GZD 0.040 −11.1% CAN 0.060 +0.0% BGF 0.025 +0.0% MSV 0.570 +0.0% CCMM 0.485 +0.0% MON 0.385 −6.1% OMI 0.245 −2.0% BUFF 0.800 +2.6% FEO 0.630 −3.1% LIB 0.710 −1.4% NPR 0.620 +0.0% QZM 0.380 +0.0%
Financings

Desert Gold accepts $30,000 subscription for placement

By The Northwire Desk — AI Analysis Feb 20, 2026 · 20:00 DAU · 0.1 Desert Gold Ventures Inc.
DAU · Price

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.)

Read the original news release →

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