By Sheri Kasprzak
New York, March 21 - Desert Gold Ventures Inc. has settled a C$1,674,000 private placement.
The non-brokered deal included 6.2 million units at C$0.27 each to 11 investors.
The unit price represents a 53.4% discount to the company's closing stock price of C$0.58 on March 20.
Each unit was comprised of one share and one warrant, with each warrant exercisable at C$0.30 for two years.
Located in Vancouver, B.C., Desert is a gold exploration company.
| Issuer: | Desert Gold Ventures Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1,674,000
|
| Units: | 6.2 million
|
| Price: | C$0.27
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.30
|
| Placement agent: | Non-brokered
|
| Settlement date: | March 20
|
| Stock symbol: | TSX Venture: DAU
|
| Stock price: | C$0.58 at close March 20
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