DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF C$514,000 FIRST TRANCHE OF PRIVATE PLACEMENT
Desert Mountain Energy Corp (DMEHF) has successfully closed the first tranche of its non-brokered private placement, raising C$514,000 through the issuance of 2,056,000 Units at C$0.25 per Unit. Each Unit includes one common share and one purchase warrant, allowing holders to buy an additional share at C$0.35 until February 27, 2026.
The Company may accelerate warrant expiry if the stock price maintains C$0.75 for ten consecutive trading days. Finder's fees included 153,280 warrants and C$38,230 cash. Units are subject to a hold period until June 28, 2025. The company focuses on helium, hydrogen, and natural gas exploration, development, and production.
Desert Mountain Energy Corp (DMEHF) ha concluso con successo la prima tranche del suo collocamento privato non intermediato, raccogliendo C$514.000 attraverso l'emissione di 2.056.000 unit脿 a C$0,25 per unit脿. Ogni unit脿 include un'azione comune e un warrant di acquisto, che consente ai detentori di acquistare un'azione aggiuntiva a C$0,35 fino al 27 febbraio 2026.
L'azienda pu貌 anticipare la scadenza dei warrant se il prezzo delle azioni mantiene C$0,75 per dieci giorni di negoziazione consecutivi. Le commissioni per i mediatori includono 153.280 warrant e C$38.230 in contanti. Le unit脿 sono soggette a un periodo di blocco fino al 28 giugno 2025. L'azienda si concentra sull'esplorazione, sviluppo e produzione di elio, idrogeno e gas naturale.
Desert Mountain Energy Corp (DMEHF) ha cerrado con 茅xito la primera tranche de su colocaci贸n privada no intermediada, recaudando C$514.000 mediante la emisi贸n de 2.056.000 unidades a C$0,25 por unidad. Cada unidad incluye una acci贸n com煤n y un warrant de compra, que permite a los poseedores adquirir una acci贸n adicional a C$0,35 hasta el 27 de febrero de 2026.
La compa帽铆a puede acelerar la expiraci贸n del warrant si el precio de las acciones se mantiene en C$0,75 durante diez d铆as de negociaci贸n consecutivos. Las comisiones de los intermediarios incluyeron 153.280 warrants y C$38.230 en efectivo. Las unidades est谩n sujetas a un per铆odo de bloqueo hasta el 28 de junio de 2025. La empresa se centra en la exploraci贸n, desarrollo y producci贸n de helio, hidr贸geno y gas natural.
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須岇偓電� 欤缄皜臧� 鞐办啀 10瓯半灅鞚� 霃欖晥 C$0.75毳� 鞙犾頃橂┐ 鞗岆煱韸� 毵岆毳� 臧�靻嶍檾頃� 靾� 鞛堨姷雼堧嫟. 欷戧皽 靾橃垬耄岇棎電� 153,280臧滌潣 鞗岆煱韸胳檧 C$38,230鞚� 順勱笀鞚� 韽暔霅橃棃鞀惦媹雼�. 鞙犽嫑鞚� 2025雲� 6鞗� 28鞚缄箤歆� 氤挫湢 旮瓣皠鞚� 鞝侅毄霅╇媹雼�. 鞚� 須岇偓電� 項エ, 靾橃唽 氚� 觳滌棸 臧�鞀れ潣 韮愳偓, 臧滊皽 氚� 靸濎偘鞐� 歆戩頃橁碃 鞛堨姷雼堧嫟.
Desert Mountain Energy Corp (DMEHF) a r茅ussi 脿 cl么turer la premi猫re tranche de son placement priv茅 non interm茅di茅, levant C$514.000 gr芒ce 脿 l'茅mission de 2.056.000 unit茅s 脿 C$0,25 par unit茅. Chaque unit茅 comprend une action ordinaire et un bon de souscription, permettant aux d茅tenteurs d'acheter une action suppl茅mentaire 脿 C$0,35 jusqu'au 27 f茅vrier 2026.
La soci茅t茅 peut acc茅l茅rer l'expiration des bons si le prix de l'action maintient C$0,75 pendant dix jours de n茅gociation cons茅cutifs. Les frais de recherche incluaient 153.280 bons et C$38.230 en esp猫ces. Les unit茅s sont soumises 脿 une p茅riode de blocage jusqu'au 28 juin 2025. L'entreprise se concentre sur l'exploration, le d茅veloppement et la production d'h茅lium, d'hydrog猫ne et de gaz naturel.
Desert Mountain Energy Corp (DMEHF) hat erfolgreich die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und C$514.000 durch die Ausgabe von 2.056.000 Einheiten zu C$0,25 pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant, der den Inhabern das Recht gibt, bis zum 27. Februar 2026 eine zus盲tzliche Aktie zu einem Preis von C$0,35 zu erwerben.
Das Unternehmen kann das Ablaufdatum des Warrants vorziehen, wenn der Aktienkurs zehn aufeinanderfolgende Handelstage lang C$0,75 h盲lt. Die Findergeb眉hren umfassten 153.280 Warrants und C$38.230 in bar. Die Einheiten unterliegen einer Sperrfrist bis zum 28. Juni 2025. Das Unternehmen konzentriert sich auf die Erkundung, Entwicklung und Produktion von Helium, Wasserstoff und Erdgas.
- Raised C$514,000 in new capital
- Warrant exercise price of C$0.35 represents 40% premium to Unit price
- Dilutive financing at C$0.25 per Unit
- Additional dilution possible from warrant exercises
TSX.V: DME
Each Unit consists 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 one year ending February 27, 2026, at a price of CAD
The Units will be subject to a 4-month plus one-day hold period expiring June 28, 2025.听
ABOUT DESERT MOUNTAIN ENERGY
Desert Mountain Energy Corp. is a publicly traded resource company primarily focused on the exploration, development and production of helium,聽hydrogen聽and聽natural gas. The Company is聽focused on helium extraction from different raw gas sources in an environmental and economic manner,聽supplying elements聽deemed critical to the renewable energy and high technology industries.
We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Exec Chairman & CEO
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.听 Actual events or results may differ from the Company's expectations.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company's anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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SOURCE Desert Mountain Energy Corp.
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