/NOT FOR DISTRIBUTION IN THE US/
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DELTA, BC, April 26, 2018 /CNW/ - Desert Gold Ventures
Inc. ("Desert Gold" or "the Company") (TSX.V: DAU, FF: QXR2,
OTC: DAUGF) announces that, subject to exchange approval, it will
conduct a non-brokered private placement of up to 4,333,334 units
at a price of CDN $0.15 per unit (the
"Unit") to raise up to an aggregate CDN $650,000 (the "Financing").
Each Unit will consist of one common share in the equity of the
Company and one share purchase warrant (the "Warrant"). Each
Warrant entitles the holder to purchase one additional common share
of the Company at a price of CDN $0.20 per share for a period of Five (5) years
from the closing of the Financing.
The proceeds of the Financing will be used for exploration
activities at the Company's projects in Western Mali and for general working capital
purposes. The Company may pay finder's fee to qualified
finders in respect to the Financing. Securities issued as a
result of the Financing will be subject to a statutory hold period.
.
The Company will complete a portion of the Financing pursuant to
the conditions described in Multilateral CSA Notice 45-318
Prospectus Exemption for Certain Distributions through an
Investment Dealer ("CSA 45-318") and the corresponding instruments,
orders and rules implementing CSA 45-318 in the participating
jurisdictions (collectively with CSA 45-318, the "Investment Dealer
Exemption"). In addition to conducting the Financing pursuant to
the Investment Dealer Exemption, the Company will also accept
subscriptions for units where other prospectus exemptions are
available, including from accredited investors. In accordance with
the Investment Dealer Exemption, the Company advises that, as at
the date hereof, there is no material fact or material change in
respect of the Company that has not been generally disclosed. The
Company further advises that there is no minimum number of units
being offered pursuant to the Financing.
"Jared Scharf"
___________________________
Jared Scharf
President & Director
+1 (858) 247-8195
For further information please visit www.SEDAR.com under the
company's profile.
This news release contains forward-looking statements
respecting the Company's ability to successfully complete the
Offering. These forward-looking statements entail various risks and
uncertainties that could cause actual results to differ materially
from those reflected in these forward-looking statements. Such
statements are based on current expectations, are subject to a
number of uncertainties and risks, and actual results may differ
materially from those contained in such statements, including the
inability of the Company to successfully complete the Offering.
These uncertainties and risks include, but are not limited to, the
strength of the capital markets, the price of gold; operational,
funding, and liquidity risks; the degree to which mineral resource
estimates are reflective of actual mineral resources; and the
degree to which factors which would make a mineral deposit
commercially viable are present; the risks and hazards associated
with mining operations. Risks and uncertainties about the Company's
business are more fully discussed in the company's disclosure
materials filed with the securities regulatory authorities in
Canada and available at
www.sedar.com and readers are urged to read these
materials. The Company assumes no obligation to update any
forward-looking statement or to update the reasons why actual
results could differ from such statements unless required by
law.
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
the securities described herein in the
United States. The securities described herein have not been
and will not be registered under the united states securities act
of 1933, as amended, and may not be offered or sold in the united
states or to the account or benefit of a U.S. person absent an
exemption from the registration requirements of such act.
SOURCE Desert Gold Ventures Inc.