Desert Gold Ventures Inc. announced a non-brokered private placement of up to 13,000,000 units at an issue price o CAD 0.07 per unit for the gross proceeds of CAD 910,000 on April 23, 2024. Each unit will consist of one common share and a share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.08 per common share for a period of three years from the closing of the financing.

The company may pay a finder's fee to qualified individuals in respect to the financing. Securities issued from the Financing will be subject to a statutory hold period. The company intends to close the initial CAD 910,000 in lead orders upon exchange approval.

Due to additional interest in the financing, the company may upsize and extend the close of its offering in the coming days.