High Desert Gold is pleased to report that today it closed two non-brokered private placements for gross proceeds of Cdn$3,628,400. South American Silver, a Canadian public company, purchased 15,580,000 common shares of the Company at a price of Cdn$0.18 per share for aggregate proceeds of Cdn$2,804,400. The Company also issued 4,120,000 units at a price of Cdn$0.20 per unit for aggregate proceeds of Cdn$824,000
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