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DESERT MOUNTAIN ENERGY ANNOUNCES THAT IT HAS CLOSED ON THE THIRD TRANCHE OF ITS PRIVATE PLACEMENT
DESERT MOUNTAIN ENERGY ANNOUNCES THAT IT HAS CLOSED ON THE THIRD TRANCHE OF ITS PRIVATE PLACEMENT...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n\n\n\n DESERT MOUNTAIN ENERGY ANNOUNCES THAT IT HAS CLOSED ON THE THIRD TRANCHE OF ITS 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 May 2, 2025\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\n DME\n \n is pleased to announce that it has closed on the third tranche of its non-brokered private placement offering originally announced on\n \n February 4\n \n , 2025.  The Company has raised an additional\n \n\n C$215,000\n \n\n through the issuance of\n \n 860,000 Units\n \n at a price of\n \n C\n \n\n\n $0.25\n \n per Unit\n \n .  The Company has now raised a total of C\n \n\n $971,500\n \n\n through the issuance of\n \n 3,886,000\n \n\n Units\n \n . The balance of the private placement will remain open until\n \n May 16, 2025\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 May 2, 2026\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 on the second tranche consisted of\n \n 68,800\n \n finders warrants (but with no forced conversion) and\n \n\n $17,200\n \n\n cash.  The Units will be subject to a 4-month plus one day hold period expiring\n \n\n September 3, 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 trade...