Desert Mountain arranges $2-million private placement

Feb 5, 2025

2025-02-04 18:44 ET – News Release

Mr. Robert Rohlfing reports

DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT OFFERING

Desert Mountain Energy Corp. is proceeding with a non-brokered private placement offering to raise up to $2-million. Under the terms of the private placement, the company will offer for sale up to eight million units at 25 cents per unit.

Each unit will consist of one common share of the company and one share purchase warrant, with each whole warrant allowing the subscriber to purchase one additional share of the company for a period of one year from the date of the closing at a price of 35 cents 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 75 cents per share for a minimum of ten consecutive trading days. Finders’ fees are payable of up to 8 per cent in cash and 8 per cent in finders’ warrants, with the finders’ warrants having an exercise price of 35 cents per share, but with no forced conversion. Proceeds from the private placement will be utilized for development of the company’s New Mexico natural gas and helium projects, and its Arizona helium projects, as well as working capital and general corporate purposes.

The units will be subject to a four-month hold period. The private placement is subject to the approval of the TSX Venture Exchange.

About Desert Mountain Energy Corp.

Desert Mountain is a publicly traded resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The company is focused on helium extraction from different raw gas sources in an environmental and economic manner supplying elements deemed critical to the renewable energy and high-technology industries.

We seek Safe Harbor.

https://www.desertmountainenergy.com/