High Desert Gold Corporation (TSX VENTURE:HDG) reported that the company has closed the first tranche of a private placement financing for gross proceeds of $595,000 through the issuance of 3,718,750 common shares of the Company at a price of $0.16 per Common Share.

The press release is quoted as saying:

High Desert Gold is a mineral exploration company that acquires and explores mineral properties, primarily gold, copper and silver, in North America. The two properties of focus held by the Company are the Canasta Dorada gold property in Sonora, Mexico, and the Gold Springs gold property on the Nevada-Utah border.

Click here to access the entire press release ^[1]

Click here to access High Desert Gold Corporate Site ^[2]