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DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS
DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS Canada ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS\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 \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 2, 2023\n \n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01)\n \n From the President of the Company.\n \n The Company is pleased to announce that it has launched a marketed public offering (the \"Offering\") of units (the \"Units\") in the capital of the Company, at a price to be determined in the context of the market (the \"Issue Price\") for gross proceeds of up to\n \n C$20 million\n \n . Beacon Securities Limited (the \"Agent\"), is acting as sole Agent in connection with the Offering. Each Unit will consist of one common share in the capital of the Company (a \"Unit Share\") and a number of common share purchase warrants (each whole warrant, a \"Warrant\") to be determined in the context of the market. Each Warrant will entitle the holder thereof to acquire one common share in the capital of the Company at terms to be determined in context of the market.\n \n \n The Company has granted the Agent an option (the \"Over-Allotment Option\") exercisable, at the sole discretion of the Agent by giving notice to the Company at any time and from time to time up to 30 days following the Closing Date (as defined below), to sell up to an additional number of Units (the \"Additional Units\") equal to 15% of the Units sold pursuant to the Offering at a price per Additional Unit equal to the Issue Price to cover over-allotments, if any, and for market stabilization purposes. For certainty, the Over-Allotment Option will be exercisable for Additional Units, Unit Shares and/or Warrants (or any combination thereof).\n \n \n Freedom Capital Markets is acting as advisor to the Company in connection with the Offering.\n \n \n The Units will be offered by way of short-form prospectus to ...