High Desert Gold Corporation (TSXV:HDG) announced a brokered and a non brokered private placement of units and common shares on January 29, 2013.

On the same date, the company announced that it will receive CAD 489,460. As part of the brokered transaction, the company will issue 2,000,000 units at CAD 0.20 per unit for gross proceeds of CAD 400,000. Each unit consists of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at CAD 0.23 per share for a period of 36 months. The company will pay a cash commission of up to 7% of the proceeds from the brokered part of the transaction and issue broker warrants entitling the holders thereof to purchase additional units up to 7% of the number issued on the brokered part of the transaction at the unit price for a period of 24 months. Existing investor, South American Silver Corp will invest in the transaction. As a non brokered part of the transaction, the investor will invest for 497,000 common shares at CAD 0.18 per share for proceeds of CAD 89,460. The transaction is expected to close by January 31, 2013. The company will pay finders' fee of CAD 28,000 and 28,950 warrants to IBK Capital Corp. The company will also issue 43,750, 7,000, and 6,300 finders' warrants to Ironbridge Capital Partners, Brant Securities Limited, and CIBC World Markets respectively. Each such warrant is exercisable at CAD 0.20 for a period of 24 months from the date of issuance.