High Desert Gold Completes $3.6M Private Placement Financings
High Desert Gold Corporation (HDG.V) has closed two non-brokered private placements for gross proceeds of $3,628,400.
South American Silver Corp. purchased 15,580,000 common shares of the company at a price of $0.18 per share for aggregate proceeds of $2,804,400.
The company also issued 4,120,000 units at a price of $0.20 per unit for aggregate proceeds of $824,000.
The company plans to use the net proceeds from the two private placements to fund exploration of the company's properties and for administrative expenses and unallocated working capital.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.