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Desert Gold Ventures (TSXV: DAU) Announced a non-brokered private placement.

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Desert Gold is an advanced gold exploration company with assets of significant potential principally located in Mali and Rwanda, having acquired TransAfrika Resources in 2011 in a share exchange valued at $15 million

Additional Information:

Company: Desert Gold Ventures
Website: http://www.desertgold.ca
Stock Symbol: TSXV: DAU
Date Published: Sep 12, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Desert Gold Ventures announced a non-brokered private placement.

Desert Gold is an advanced gold exploration company with assets of significant potential principally located in Mali and Rwanda, having acquired TransAfrika Resources in 2011 in a share exchange valued at $15 million

The company plans to raise gross proceeds of up to $800,000 from the issuance of up to 3.2 million units, priced at $0.25 per unit, with each unit consisting of one share and one full warrant.

The warrants are exercisable at $0.30 for 60 months, subject to an acceleration clause.

The proceeds will be used for drilling and fieldwork at the company’s projects in Western Mali, Africa, and for general working capital.

Although Mali is a landlocked country with poor infrastructure, the government's reformed mineral code has attracted numerous foreign investors.

This has resulted in several new mines, gold in particular, which has boosted the gold mining industry, making it Mali's second largest income earner after cotton, and positioning Mali as Africa's third largest gold producer.

The company holds 3 exploration permits in Western Mali, all of which are located directly on or near the Senegal Mali Fault Zone, one of the most important geological formations on the continent and hosts some of the largest gold deposits and producing mines in the world.

Revenues from gold production in this area in 2015 were approximately USD $1.2 billion.

The shares are trading at $0.21 and with 21.6 million shares outstanding, the company is capitalized at $4.5 million.

For more information, please visit the company’s website at www.desertgold.ca, or contact Jared Scharf, President, at 858-247-8195, or email info@desertgold.ca.

I’m Samantha Deutscher for Investmentpitch Media