Original News Release posted at Business Insider

Desert Gold announces closing of the final tranche of its non-brokered private placement (the “Final Tranche”) raising aggregate gross proceeds of $340,000 through the issuance of 1,360,000 units (each a “Unit”). Each Unit consists of one common share and one share purchase warrant (the “Warrant”). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of CDN$0.30 per share for a period of five (5) years from the closing of this Private Placement. Warrants will be subject to a thirty (30) day acceleration clause upon announcement by the Company that its shares have traded on a volume weighted average basis of CDN$1.00 per common share, or more, for at least ten (10) consecutive trading days.

In the first tranche, the Company issued 2,000,000 common shares for gross proceeds of CDN$500,000, which together with the Final Tranche raised total gross proceeds of…

See the entire news release.