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DESERT MOUNTAIN ENERGY CORP. SPUDS GUNNAR DOME WILDCAT WELL AND CANCELS PRIVATE PLACEMENT
DESERT MOUNTAIN ENERGY CORP. SPUDS GUNNAR DOME WILDCAT WELL AND CANCELS PRIVATE PLACEMENT...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"\n \n \n \n DESERT MOUNTAIN ENERGY CORP. SPUDS GUNNAR DOME WILDCAT WELL AND CANCELS 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 July 13, 2022\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 \n Desert Mountain Energy is pleased to announce the spudding of the Gunnar Dome Wildcat Well. The intended depth of this well is 4,500'+- and is designed to test all zones to the top Granite Formation. DME will be utilizing the same successful drilling procedures, including multiple casing strings designed to protect all zones and the environment. Our geologic modelling suggests that the gas composition should contain high concentrations of nitrogen.\n \n \n Due to market conditions, the Company has decided to cancel the\n \n previously announced private placement\n \n for\n \n $7.5 million\n \n dated 2022-06-28.\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 \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 of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties.  Actual events or results may differ from the Company's expectations.\n \n \n \n \n Cautionary Note Regarding Forward-Looking Statements\n \n \n \n \n \n...