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DESERT MOUNTAIN ENERGY ANNOUNCES 50% INCREASE IN PRIVATE PLACEMENT TO CAD $7.5 MILLION
DESERT MOUNTAIN ENERGY ANNOUNCES 50% INCREASE IN PRIVATE PLACEMENT TO CAD $7.5 MILLION ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY ANNOUNCES 50% INCREASE IN PRIVATE PLACEMENT TO CAD $7.5 MILLION\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.prntar{\nTEXT-ALIGN: RIGHT\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 \n VANCOUVER, BC\n \n \n ,\n \n \n June 21, 2022\n \n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) is pleased to announce that due to greatly increased demand, it is increasing the size of its non-brokered private placement offering recently announced on\n \n June 8\n \n , 2022.  The Company now plans to raise up to\n \n CAD\n \n $7.5 Million\n \n \n , an increase of 50% over the original amount announced. Under the terms of the private placement, the Company will now offer for sale up to\n \n 2.5 million Units\n \n (the \"\n \n Units\n \n \") at\n \n CAD\n \n $3.00\n \n per Unit\n \n . The Company may in its sole discretion increase the maximum of the offering by up to 10% to a maximum of 2.75 million Units.\n \n \n All other terms and conditions of the private placement will remain the same. Each Unit will consist of one common share of the Company and one share purchase warrant (the \"\n \n Warrants\n \n \"), with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of\n \n three (3)\n \n years from the date of the closing at a price of\n \n CAD\n \n $4.00\n \n per share\n \n . The expiry of the Warrants may be accelerated at the election of the Company by written notice if the closing price for the common shares on the TSX Venture Exchange shall be equal to or greater than\n \n CAD\n \n $8.00\n \n per share\n \n for a minimum of ten consecutive trading days. Finder's fees are payable of up to\n \n 7%\n \n in cash and\n \n 5%\n \n in finder warrants, with the finder warrants having an exercise price of CAD\n \n $4.00\n \n per share, but with no forced conversion provisions.\n \n \n Please refer to the\n \n Company's news release of\n \n June 8, 2022\...