Business
Desert Mountain Energy Announces Life Offering to Raise Up To $3,000,000
(TheNewswire) Vancouver, Canada – TheNewswire - March 27, 2026 — DESERT MOU...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Announces Life Offering to Raise Up To $3,000,000\n(TheNewswire)\n\n\nVancouver, Canada – TheNewswire - March 27, 2026 — DESERT MOUNTAIN ENERGY\nCORP. (“DME” or the “Company”) (TSX.V: DME, U.S. OTC: DMEHF,\nFrankfurt: QM01) From the President of the Company. DME is pleased to announce that it has\nentered into an agreement with Haywood Securities Inc.\n(“Haywood”), as sole agent and bookrunner, to offer for sale on a\nbest efforts private placement basis, and using the LIFE Exemption (as\ndefined below), up to 6,976,744 Units of the Company at a price of\n$0.43 per Unit, for aggregate gross proceeds of up to $3,000,000 (the\n“Offering”).\n\n\nEach Unit will be comprised of one common share in the\ncapital of the Company (a \"Unit Share\") and one common share\npurchase warrant of the Company (a \"Warrant\"). Each Warrant will entitle the holder thereof to acquire one\ncommon share in the capital of the Company (a \"Warrant Share\"), at a price per Warrant Share equal to C$0.70, at any time\nup to the date that is 36 months following the Closing Date.\n Proceeds from the Offering will be used to\nadvance the Company’s gas properties and related projects, and for\ngeneral working capital. \n\n\nSubject to compliance with applicable regulatory\nrequirements and in accordance with National Instrument 45-106\n– Prospectus\nExemptions (“NI 45-106”), the\nUnits will be offered for sale to purchasers resident in each of the\nprovinces and territories of Canada, other than Quebec, and in\njurisdictions outside of Canada, other than the United States, on a\nprivate placement or equivalent basis, in each case in accordance with\nall applicable laws, provided that no prospectus, registration\nstatement or other similar document is required to be filed in such\njurisdiction. \n\n\nThere is an offering document (the “Offering Document”), dated\nMarch 27, 2026, related to the Offering that can be accessed under the\nCompany’s profile at www.sedarplus.ca and on the\nCompany’s website at: www.desertmountainenergy.com. Prospective\ninvestors should read this Offering Document before making an\ninvestment decision\n\n\nThe Company intends to use the net proceeds from the\nsale of Units ...