Desert Gold Shareholders Exercise 7.5 Million Share Purchase Warrants
Nov 29, 2017, 08:59 ET
DELTA, BC, Nov. 29, 2017 /CNW/ - Desert Gold Ventures Inc. ("Desert Gold" or "the Company") (TSX.V: DAU, FF: QXR2, OTC: DAUGF) is pleased to announce that certain shareholders of the Company have exercised 7,502,142 Desert Gold share purchase warrants (the "Warrant"). Each Warrant entitled the holder to purchase one additional common share of the Company at a price of CDN$0.09 per share resulting in net proceeds to the Company of CDN $675,193.
Desert Gold's President Jared Scharf remarked, "We are very thankful for the continued support of our shareholders. The exercise of these warrants brings in significant capital that will be used for drilling and other exploration work at our projects situated along the Senegal Mali shear zone in Western Mali. The warrant exercise also significantly reduces the company's overhang".
ON BEHALF OF THE BOARD
Chief Executive Officer & Director
For further information please visit www.SEDAR.com under the company's profile.
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.
SOURCE Desert Gold Ventures Inc.
For further information: Sonny Janda, Chief Executive Officer & Director, +1 (604) 592-6881
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