Desert GOLD Announces Non-Brokered Private Placement
For Immediate Release
Not for distribution in the US
TSX.V: DAU
Frankfurt: QXR2
OTC: DAUGF
DESERT GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Delta, British Columbia, November 30, 2018. 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 5,000,000 units at a price of $0.15 per unit (the “Unit”) to raise up to an
aggregate of $750,000 (the “Financing”).
Each Unit will consist of one common share in the equity of the Company and one common share purchase warrant
(the “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a
price of $0.15 per common share for a period of two (2) years from the closing of the Financing, subject to a 30-day
acceleration period, upon announcement by the Company of the common shares trad ing at $0.75 or more for 10
consecutive trading days.
The proceeds of the Financing will be used for exploration work at the Company’s projects in Western Mali and for
general working capital purposes . The Company may pay a 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.
ON BEHALF THE 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 inab ility 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 resour ce 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 un certainties 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 Com pany 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.