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Corporate Update for Desert Mountain Energy Corp.
Corporate Update for Desert Mountain Energy Corp. Canada NewsWire TSX.V...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n Corporate Update for Desert Mountain Energy Corp.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSX.V: DME\n \n U.S. OTC: DMEHF\n \n \n Frankfurt\n \n : QM01\n \n \n \n VANCOUVER, BC\n \n ,\n \n May 27, 2021\n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSXV: DME) (OTC-QX: DMEHF) (FRA: QM01)\n \n From the President of the Company.\n \n \n \n Desert Mountain Energy Corp is pleased to announce the following corporate update including final numbers from the completed forced conversion of 2 series of 2 year,\n \n $2\n \n warrants attached to the Company's\n \n October 2020\n \n ,\n \n $1.60\n \n unit financing.\n \n \n \n $2.00\n \n warrants exercised totaled 7,953,062 realizing\n \n $15,906,124\n \n \n \n Shares currently outstanding 70,110,909\n \n \n Warrants outstanding 4,082,266\n \n \n Options outstanding 5,267,500\n \n \n Fully diluted shares, warrants and options 79,460675\n \n \n Total Cash currently in the treasury\n \n $28,970,078.80\n \n \n \n The Company would like to thank all investors involved in the\n \n October 2020\n \n financing for their support.\n \n \n Desert Mountain Energy Corp. is planning on building a vertically integrated helium producer located in the Holbrook Basin, AZ. Currently, the Company is drilling well #4.\n \n \n \n ABOUT DESERT MOUNTAIN ENERGY\n \n \n \n Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare earth gas fields in the U.S.  The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.\n \n \n We seek safe harbor\n \n \n \n \"Robert Rohlfing\"\n \n \n \n Robert Rohlfing\n \n \n Chairman & CEO\n \n \n Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that invol...