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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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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