The Company is in the final stage of development that will lead to commercial production. The recently completed financing will allow the company to build all the infrastructure necessary and complete the start-up work necessary to bring six helium wells into production.
is pleased to announce that, further to its news releases of March 29 and 31, 2023, an additional 545,000 common share purchase warrants of the Company, issued pursuant to its Short Form Prospectus dated March 20, 2023, will commence trading on TSX Venture Exchange at the opening Thursday, April 6, 2023.
The Company is pleased to announce that further to its news release on March 24, 2023 announcing the closing of its “best efforts” public offering of units (the “Units”) (the “Offering”), Beacon Securities Limited (the “Agent”) has fully exercised the remainder of its over-allotment option (the “Over-Allotment Option”) to sell
Desert Mountain Energy Corp. (“DME” or the “Company”) is pleased to announce 11,300,000 common share purchase warrants of the Company, issued pursuant to its Short Form Prospectus dated March 20, 2023, will commence trading on TSX Venture Exchange at the opening Friday, March 31, 2023.
DME CEO and Executive Chairman, Robert Rohlfing appeared on The Market Mindset to discuss:
The recent financing
The McCauley Helium Processing Facility and the benefits of the design
Potential plans for future processing facilities
End-users
And more…
Desert Mountain Energy Corp.’s (“DME” or the “Company”) has is pleased to announce the approval by its Board of Directors effective today of the adoption of an advance notice policy (the “Policy”) that requires advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the B.C. Business Corporations Act (the “Act”), or (ii) a shareholder proposal made pursuant to the provisions of the Act.
The Company is pleased to announce that it has successfully re-entered Well #3. After running Cement Bond Log (CBL) to verify that all water courses were protected via multiple strings of casing, previously set and cemented in December 2020.
The Company is pleased to announce the closing of its previously announced “best efforts” public offering of 11,300,000 units of the Company (each, a “Unit”) at a price of C$1.95 per Unit (the “Issue Price”) for gross proceeds of C$22,035,000, which includes the partial exercise of the Over-Allotment Option (as defined below) (the “Offering”).
Further to the Company’s news releases of March 2nd and 3rd, 2023, the Company is pleased to announce it has filed and obtained a receipt for the final short form prospectus in connection with its previously announced “best efforts” public offering of a minimum of 5,128,500 units of the Company (each, a “Unit”) and a maximum of 10,300,000 Units at a price of C$1.95 per Unit (the “Issue Price”) for minimum gross proceeds of C$10,000,575 and maximum gross proceeds of C$20,085,000 (the “Offering”).
The Company is pleased to announce that GENERON has completed its work on the McCauley Helium Processing Facility. The initial sale will be going to an Arizona-based industrial gas supplier, which is supplying its own trailer.