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DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT
DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT Canada NewsWire TSX....
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY ANNOUNCES 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 Sept. 1, 2022\n \n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP.  (the \"Company\")\n \n (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) is pleased to announce that it is proceeding with a non-brokered private placement offering to raise up to CAD\n \n $5.98 Million\n \n . Under the terms of the private placement, the Company will offer for sale up to 2.3 million Units (the \"Units\") at CAD\n \n $2.60\n \n per Unit.\n \n \n Each Unit will consist of one common share of the Company and one share purchase warrant (the \"Warrants\"), with each whole Warrant allowing the subscriber to purchase one additional share of the Company for a period of three years from the date of the closing at a price of CAD\n \n $3.50\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 CAD\n \n $7.00\n \n per share for a minimum of ten consecutive trading days. Finder's fees are payable. Proceeds from the private placement will be utilized for working capital and general corporate purposes.\n \n \n The Units will be subject to a 4-month hold period. The private placement is subject to the approval of the TSX Venture Exchange.\n \n \n \n ABOUT DESERT MOUNTAIN ENERGY\n \n \n \n Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on exploration, development and production of helium, hydrogen and noble gases. 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 Exec Chairman & CEO\n \n \n Neither the TSX Venture Exchange nor its Regulation Servi...