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DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT REPRICING
DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT REPRICING Canada NewsWire ...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT REPRICING\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 VANCOUVER, BC\n \n \n ,\n \n \n June 28, 2022\n \n \n /CNW/ -\n \n DESERT MOUNTAIN ENERGY CORP. (the \"Company\")\n \n (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) Due to general negative market pressures over the weeks, and a corresponding reduction in the Company's trading price, the Company will be reducing the per unit price of the private placement announced\n \n \n June 8\n \n \n and\n \n 21\n \n , 2022.\n \n \n The price per Unit of the private placement will be reduced from\n \n $3.00\n \n per Unit to\n \n $2.50\n \n per Unit.  All other terms and conditions of the private placement will remain the same, with each Unit consisting of one common share of the Company and one share purchase warrant.  Each whole Warrant will allow the subscriber to purchase one additional share of the Company for a period of three (3) years from the date of the closing at a price of CAD\n \n $4.00\n \n per share. The expiry of the Warrants may be accelerated at the election of the Company on the terms as previously stated.  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 Please refer to the Company's news releases of\n \n \n June 8\n \n \n and\n \n 21\n \n , 2022 for further details.\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 Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy...