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Desert Mountain Energy Shares Approved for DTC Eligibility
(via TheNewswire) July 15, 2020 - TheNewswire - Vancouver, British Columbia - D...
About this update from Desert Mountain Energy Corp.
[{"type":"text","content":"Desert Mountain Energy Shares Approved for DTC Eligibility(via TheNewswire)\n \n \nJuly 15, 2020 - TheNewswire - Vancouver, British Columbia - DESERT MOUNTAIN ENERGY CORP. (the \"Company\") (TSXV:DME) (OTC:DMEHF) (Frankfurt:QM01) is pleased to announce that shares of its Common Stock (CUSIP No. 25043D107) have now been approved for DTC Eligibility by the Depository Trust Company (\"DTC\"). \n\n \n \nFounded in 1973 and based in New York City, DTC is the world's leading securities depository. It is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances of its participants. DTC facilitates electronic trading of securities in the U.S. through its depository system, which allows participating brokerage firms to electronically clear and settle trades with other member firms, rather than transferring physical certificates. DTC is generally regarded as facilitating\n\n\n \ntrading through increased ease of settlement and reduced costs.\n\n \n \nAccording to Irwin Olian, CEO of the Company, \"We are delighted that our securities have now been approved for DTC eligibility, as that should help facilitate trading in the U.S. and elsewhere. The securities industry has been rapidly moving forward with electronic clearing and elimination of physical stock certificates. We believe it is important for the Company's shares to be part of this process.\"\n\n\n \nAbout Desert Mountain Energy\n\n \n \nThe Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd. \n\n \n \nON BEHALF OF THE BOARD OF DIRECTORS OF\nDESERT MOUNTAIN ENERGY CORP.\n\n\n \n\"Irwin Olian\" \nIrwin Olian\nChairman & CEO\n\n \n \nFor more information, contact:\n\n \n\nIrwin Olian, President and CEO\...