BULLETIN V2024-0932
DESERT GOLD VENTURES INC. ("DAU")
BULLETIN TYPE: Private Placement Non-Brokered
BULLETIN DATE: March 28, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on February 1, 2024:
Number of Shares: 15,993,142 common shares
Purchase Price: $0.07 per share
Warrants: 15,993,142 common share purchase warrants to purchase 15,993,142 shares
Warrant Exercise Price: $0.08 for a three-year period from the date of issuance.
Number of Placees: 9 Placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 1,428,571
Aggregate Pro Group Involvement: N/A N/A
Finder's Fee: N/A
Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.08 for period of three years from the date of issuance.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release on March 27, 2024, announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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