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.
DME News Releases
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.
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.
Straight from NYC, Robert Rohlfing, CEO and Executive Chairman of Desert Mountain Energy Corp. and 77 WABC sat down with Rita Cosby to discuss the helium industry.
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.
2500 Park Place
666 Burrard Street
Vancouver, BC V6C 2X8
14155 W. Mountain View Blvd.
Surprise, AZ 85374