Desert GOLD Announces Extension of Its Non-Brokered Private Placement
AC/5982483.1
For Immediate Release
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DESERT GOLD ANNOUNCES EXTENSION
OF ITS NON-BROKERED PRIVATE PLACEMENT
Delta, British Columbia, January 8, 2019. Desert Gold Ventures Inc. (the “Company”) (TSX.V: DAU, FF:
QXR2, OTC: DAUGF) announces that it has received consent from the exchange to extend closing of its non-brokered
private placement to January 25, 2019. The non-brokered private placement consists of up to 5 ,000,000 units at a
price of CDN $0.15 per unit (the “Unit”) to raise up to an aggregate of CDN $750,000 (the “Financing).
Pursuant to the terms of the Financing, each Unit consists of one common share in the equity of the Company and one
share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of
the Company at a price of CDN $0.15 per share for a period of two (2) years from the closing of the Financing
All securities issued as a result of closing of this first tranche are subject to a statutory hold period.
The proceeds of the Financing will be used for working capital.
ON BEHALF OF THE BOARD
“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 su ccessfully complete the Financing. 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 ha zards 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.