Tag Archive for: oil

DESERT MOUNTAIN ENERGY PROVIDES OPERATIONS UPDATE

The Company wishes to apprise shareholders that it has continued to complete planned work as previously outlined, per the use of proceeds from the last financing.

DESERT MOUNTAIN ENERGY SECURES ADDITIONAL ACREAGE

The Company is pleased to announce that it has closed on an additional 80 acres of surface property within the McCauley Helium Field which could be significant for future hydrogen and noble gas operations.

DESERT MOUNTAIN ENERGY ISSUES A CORPORATE UPDATE

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.

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.

THE MARKET MINDSET:Latest: DME CLOSES PUBLIC OFFERING OF UNITS FOR GROSS PROCEEDS OF $22 MILLION

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 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”).