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DESERT MOUNTAIN
ENERGY CORP.
2500 Park Place
666 Burrard Street
Vancouver, BC V6C 2X8
Canada
USA OFFICE
Suite 1023
14155 W. Mountain View Blvd.
Surprise, AZ 85374
USA
INVESTOR CONTACT
Don Mosher
President & Director
Tel: +1-604-617-5448
Email: [email protected]
Branding and Design:
NextPhase Strategy Marketing Inc.
DESERT MOUNTAIN ENERGY ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION FOR ADDITIONAL GROSS PROCEEDS OF $1 MILLION
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 WARRANTS TO COMMENCE TRADING FRIDAY, MARCH 31, 2023
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.
DESERT MOUNTAIN ADOPTS ADVANCE NOTICE POLICY
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.
DESERT MOUNTAIN ENERGY DEEPENS AND SETS PRODUCTION CASING ON WELL#3
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.
DESERT MOUNTAIN ENERGY CLOSES PUBLIC OFFERING OF UNITS FOR GROSS PROCEEDS OF $22 MILLION
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”).
DESERT MOUNTAIN ENERGY FILES FINAL SHORT FORM PROSPECTUS
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”).
DESERT MOUNTAIN ENERGY COMPLETES WORK ON McCAULEY HELIUM PROCESSING FACILITY
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.
DESERT MOUNTAIN ENERGY ANNOUNCES C$20 MILLION MARKETED PUBLIC OFFERING OF UNITS
The Company is pleased to announce that it has launched a marketed public offering (the “Offering”) of units (the “Units”) in the capital of the Company, at a price to be determined in the context of the market (the “Issue Price”) for gross proceeds of up to C$20 million.
DESERT MOUNTAIN ENERGY POWERS UP THE McCAULEY HELIUM PROCESSING FACILITY
The Company is pleased to announce that it has completed high-pressure testing of all the processing facility components and has powered up the facility through the compressed natural gas (CNG) generators.
DESERT MOUNTAIN ENERGY SIGNS LETTER OF AGREEMENT TO PURCHASE AND PROCESS RAW CRUDE HELIUM GAS
The Company is pleased to announce that it has signed a letter of agreement to purchase raw or crude helium gas from PetroSun, subject to approval by the Company and available processing capacity at the anticipated date of delivery.