- Desert Gold (DAU) will conduct a non-brokered private placement to raise up to C$3,000,000
- The company will issue up to 21,428,571 units at a price of $0.14 per unit
- Each unit will consist of one common share in and a half share purchase warrant
- Proceeds will be used for drilling and exploration activities at the Senegal Mali Shear Zone Project in Western Mali
- Desert Gold Ventures is a gold exploration and development company with projects in Western Mali and central Rwanda
- Desert Gold Ventures Inc. (DAU) opened trading at $0.16 per share
Desert Gold (DAU) has announced plans for a non-brokered private placement to raise up to C$3,000,000.
The company will issue up to 21,428,571 units at a price of $0.14 per unit.
Each unit will consist of one common share in and a half share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at a price of $0.25 for a period of three years from the closing of the financing.
Proceeds will be used for drilling and exploration activities at the Senegal Mali Shear Zone Project in Western Mali.
Desert Gold Ventures is a gold exploration and development company that holds gold exploration permits in Western Mali (SMSZ Project and Djimbala) and its Rutare gold project in central Rwanda.
Desert Gold Ventures Inc. (DAU) opened trading at $0.16 per share.
