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DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF C$514,000 FIRST TRANCHE OF PRIVATE PLACEMENT
DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF C$514,000 FIRST TRANCHE OF PRIVATE PLACEMENT ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n\n\n\n DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF C$514,000 FIRST TRANCHE OF PRIVATE PLACEMENT\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 Feb. 28, 2025\n \n\n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01)\n \n from the President of the Company.\n \n\n DME\n \n is pleased to announce that it has closed on the first tranche of its non-brokered private placement offering originally announced on\n \n February 4, 2025\n \n . The Company has initially raised\n \n\n C$514,000\n \n\n through the issuance of\n \n 2,056,000 Units\n \n at a price of\n \n C\n \n\n\n $0.25\n \n per Unit\n \n .\n \n\n\n\n\n\n\n\n\n Each Unit consists of\n \n one\n \n common share of the Company and\n \n one\n \n share purchase warrant (the \"\n \n Warrants\n \n \"), with each whole Warrant allowing the subscriber to purchase\n \n one\n \n additional share of the Company for a period of\n \n one\n \n\n year\n \n ending\n \n\n February 27, 2026\n \n ,\n \n at a price of\n \n CAD\n \n\n\n $0.35\n \n\n per share. 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 $0.75\n \n\n per share for a minimum of\n \n ten\n \n consecutive trading days. Finder's fees consisted of\n \n 153,280\n \n finders warrants (but with no forced conversion) and\n \n\n $38,230\n \n\n cash.\n \n\n The Units will be subject to a 4-month plus one-day hold period expiring\n \n\n June 28, 2025\n \n\n .\n \n\n\n\n ABOUT DESERT MOUNTAIN ENERGY\n \n\n\n\n Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen and natural gas. The Company is focused on helium extraction from different raw gas sources in an environmental and ec...