Desert GOLD Announces Extension of Its Non-Brokered Private Placement
7234 Ladner Trunk Road, Delta, British Columbia | Canada | V3W 3N4 | Office +1 (604) 245 6802 | Fax +1 (604) 592 6882
For Immediate Release
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DESERT GOLD ANNOUNCES
EXTENSION OF ITS
NON-BROKERED PRIVATE PLACEMENT
Surrey, British Columbia, February 24, 201 7, 2016. Desert Gold Ventures Inc. (“Desert Gold” or
“the Company”) ( TSX.V: DAU/FF:QXR2/OTC:DAUGF) announces that it has received consent from the
Toronto Venture Stock Exchange (“TSXV”) to extend the closing of its non-brokered private placement,
initially announced November 22, 2016 to March 10, 2017. The financing consists of up to 4,000,000
units at a price of CAD$0.25 per unit (the “Unit” ) to raise up to an aggregate CAD$1,000,000 (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 shall entitle the hol der to purchase one additional common share of the
Company at a price of CAD$0.30 per share for a period of five (5) years from the closing of this
Financing. Warrants will be subject to a thirty (30) day acceleration upon announcement by the Company
that its shares have traded on a weighted averag e of $1.00 per common share, or more, for ten (10)
consecutive trading days.
The proceeds of the Financing will be used for gene ral working capital and development purposes. There
may be a finder’s fee payable for the Financing. S ecurities issued as a result of the Financing will be
subject to a statutory hold period. The Financing is subject to the TSXV approval.
ON BEHALF OF THE BOARD
“Jared Scharf”
___________________________
Jared Scharf
Director and President
(604) 245-6802
For further information please visit our website www.desertgold.ca or information available on
www.SEDAR.com under the company’s profile.
Certain statements contained in this release may constitute "for ward–looking statements" or "for ward-looking information" (coll ectively
"forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These
statements relate to future events or futu re performance. The use of any of the wo rds “could”, “intend”, “expect”, “believe”, “ will”,
“projected”, “estimated”, “anticipates” and similar expressions a nd statements relating to matters that are not historical fact s are intended to
identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ ma terially. In particular, this release cont ains forward-looking information relating to the business of the
Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is ma de as of the
date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future
events or otherwise, except as required by applicable securities laws. Because of the risks, un certainties and assumptions cont ained herein,
investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forwar d-looking
information contained herein.
7234 Ladner Trunk Road, Delta, British Columbia | Canada | V3W 3N4 | Office +1 (604) 245 6802 | Fax +1 (604) 592 6882
Neither the TSX Venture Exchange nor its regulation services provi der (as that term is defined in the policies of the TSX Ventu re Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solic itation 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 benef it of a U.S. person absent an exemption from the registration re quirements of such
act.