Desert Gold Provides Update for Early Warrant Exercise Incentive Program
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) has announced an update to its warrant exercise incentive program. The program aims to encourage the exercise of up to 28,438,688 unlisted common share purchase warrants issued on December 21, 2022. Each eligible warrant can be exercised for one common share at $0.08 per share.
The company is offering an inducement to warrant holders who exercise during the early exercise period from October 7, 2024 to November 6, 2024. The inducement consists of one new warrant for each eligible warrant exercised. The new warrants will be exercisable at $0.08 for 3 years, with an accelerated expiry clause if the company's shares trade at or above $0.20 for 10 consecutive trading days.
The program aims to fund working capital and is subject to TSX Venture Exchange approval. Insider participation is to 10% of total eligible warrants.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) ha annunciato un aggiornamento al suo programma di incentivazione per l'esercizio delle warrant. Il programma mira a incoraggiare l'esercizio di fino a 28.438.688 warrant di acquisto di azioni ordinarie non quotate emessi il 21 dicembre 2022. Ogni warrant idoneo può essere esercitato per una azione ordinaria a $0,08 per azione.
L'azienda offre un incentivo ai possessori di warrant che esercitano durante il periodo di esercizio anticipato, che va dal 7 ottobre 2024 al 6 novembre 2024. L'incentivo consiste in un nuovo warrant per ogni warrant idoneo esercitato. I nuovi warrant saranno esercitabili a $0,08 per 3 anni, con una clausola di scadenza accelerata se le azioni dell'azienda vengono scambiate a $0,20 o più per 10 giorni di contrattazioni consecutive.
Il programma mira a finanziare il capitale circolante ed è soggetto all'approvazione della TSX Venture Exchange. La partecipazione degli insider è limitata al 10% del totale dei warrant idonei.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) ha anunciado una actualización de su programa de incentivo para el ejercicio de warrants. El programa tiene como objetivo fomentar el ejercicio de hasta 28,438,688 warrants de compra de acciones ordinarias no cotizadas emitidos el 21 de diciembre de 2022. Cada warrant elegible puede ser ejercido por una acción ordinaria a $0.08 por acción.
La compañía está ofreciendo un incentivo a los tenedores de warrants que ejercen durante el período de ejercicio anticipado del 7 de octubre de 2024 al 6 de noviembre de 2024. El incentivo consiste en un nuevo warrant por cada warrant elegible ejercido. Los nuevos warrants podrán ejercerse a $0.08 durante 3 años, con una cláusula de vencimiento acelerado si las acciones de la compañía se negocian a $0.20 o más durante 10 días de negociación consecutivos.
El programa tiene como objetivo financiar el capital de trabajo y está sujeto a la aprobación de la TSX Venture Exchange. La participación de los insiders está limitada al 10% del total de warrants elegibles.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF)는 그 보증서 행사 인센티브 프로그램에 대한 업데이트를 발표했습니다. 이 프로그램은 2022년 12월 21일에 발행된 28,438,688개의 비상장 보통주 구매 보증서의 행사를 장려하는 것을 목표로 하고 있습니다. 각 자격이 있는 보증서는 주당 $0.08에 하나의 보통주로 행사할 수 있습니다.
회사는 2024년 10월 7일부터 2024년 11월 6일까지의 조기 행사 기간 동안 행사하는 보증서 보유자에게 인센티브를 제공합니다. 인센티브는 행사된 각 자격이 있는 보증서에 대해 새로운 보증서를 하나 제공하는 것입니다. 새로운 보증서는 3년 동안 $0.08에 행사할 수 있으며, 회사의 주식이 연속 10 거래일 동안 $0.20 이상 거래될 경우 신속한 만료 조항이 적용됩니다.
이 프로그램은 운영 자본을 자금을 지원하는 것을 목표로 하며 TSX 벤처 거래소의 승인을 받아야 합니다. 내부자의 참여는 총 자격 있는 보증서의 10%로 제한됩니다.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) a annoncé une mise à jour de son programme d'incitation à l'exercice des bons de souscription. Le programme vise à encourager l'exercice de jusqu'à 28,438,688 bons de souscription d'actions ordinaires non cotées émis le 21 décembre 2022. Chaque bon de souscription éligible peut être exercé pour une action ordinaire au prix de $0,08 par action.
L'entreprise offre un incitatif aux détenteurs de bons qui exercent pendant la période d'exercice anticipé, allant du 7 octobre 2024 au 6 novembre 2024. L'incitatif consiste en un nouveau bon pour chaque bon éligible exercé. Les nouveaux bons pourront être exercés à $0,08 pendant 3 ans, avec une clause d'expiration accélérée si les actions de l'entreprise se négocient à 0,20 $ ou plus pendant 10 jours de bourse consécutifs.
Le programme vise à financer le fonds de roulement et est soumis à l'approbation de la TSX Venture Exchange. La participation des initiés est limitée à 10 % du nombre total de bons éligibles.
Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) hat ein Update zu seinem Anreizprogramm für die Ausübung von Warrants angekündigt. Das Programm soll die Ausübung von bis zu 28.438.688 nicht gelisteten Kaufwarrants für Stammaktien, die am 21. Dezember 2022 ausgegeben wurden, fördern. Jeder berechtigte Warrant kann für eine Stammaktie zu $0,08 pro Aktie ausgeübt werden.
Das Unternehmen bietet einen Anreiz für Warrantinhaber, die während des vorzeitigen Ausübungszeitraums vom 7. Oktober 2024 bis 6. November 2024 ausüben. Der Anreiz besteht aus einem neuen Warrant für jeden ausgeübten berechtigten Warrant. Die neuen Warrants können für 3 Jahre zu $0,08 ausgeübt werden, mit einer beschleunigten Verfallsfrist, wenn die Aktien des Unternehmens 10 aufeinanderfolgende Handelstage lang bei oder über $0,20 gehandelt werden.
Das Programm zielt darauf ab, Betriebskapital zu finanzieren und unterliegt der Genehmigung der TSX Venture Exchange. Die Beteiligung von Insidern ist auf 10% der insgesamt berechtigten Warrants begrenzt.
- Potential to raise capital through warrant exercises at $0.08 per share
- New warrants offered as incentive, potentially attracting more participation
- Early exercise period could accelerate capital inflow
- Dilution of existing shareholders if warrants are exercised
- Program subject to regulatory approval, which is not guaranteed
Delta, British Columbia--(Newsfile Corp. - October 9, 2024) - Desert Gold Ventures Inc. (TSXV: DAU) (FSE: QXR2) (OTCQB: DAUGF) (the "Company") is providing an update to its press release dated September 6, 2024 announcing the warrant exercise incentive program. The Program is intended to encourage the exercise of up to 28,438,688 unlisted common share purchase warrants of the Company (the "Eligible Warrants") which were issued as part of the Company's private placement which closed on December 21, 2022. Each Eligible Warrant is exercisable for one common share of the Company (each a "Common Share") at a price of
Pursuant to the Program, the Company is offering an inducement to each holder of Eligible Warrants ("Warrant Holders") that exercises Eligible Warrants during an early exercise period (the "Early Exercise Period") consisting of one new Warrant (the "New Warrant") in addition to the common share subscribed for. Each New Warrant is exercisable at
To the extent that holders of Eligible Warrants take advantage of the opportunity to exercise their Eligible Warrants early, this will fund working capital purposes. Eligible Warrants that remain unexercised following the completion of the Early Exercise Period (defined below) will continue to be exercisable for Common Shares on the original terms as they existed prior to the Program.
The Early Exercise Period will commence on October 7, 2024 and terminate on November 6, 2024.
The Program is subject to approval from the TSX Venture Exchange (the "Exchange") and is subject to the receipt of all final regulatory approvals, including final approval of the Exchange. The number of Eligible Warrants to be exercised by insiders of the Company is limited to no more than
On behalf of the board of directors,
Jared Scharf
President, CEO & Director
About Desert Gold Ventures
Desert Gold Ventures Inc. is a gold exploration and development company which controls the 440 km2 SMSZ Project in Western Mali containing Measured and Indicated Mineral Resources of 8.47 million tonnes grading 1.14 g/t gold totaling 310,300 ounces and Inferred Mineral Resources of 20.7 million tonnes grading 1.16 g/t gold totaling 769,200 ounces. For further information please visit www.sedarplus.ca under the company's profile. Website: www.desertgold.ca
CONTACT
Jared Scharf, President & CEO
Email: jared.scharf@desertgold.ca
This news release contains forward-looking statements respecting the Company's ability to successfully complete the Offering. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements, including the inability of the Company to successfully complete the Offering. These uncertainties and risks include, but are not limited to, the strength of the capital markets, the price of gold; operational, funding, and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; and the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with mining operations. Risks and uncertainties about the Company's business are more fully discussed in the company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. The Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States securities act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such act.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226214
FAQ
What is the exercise price for the eligible warrants of Desert Gold Ventures (DAUGF)?
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