- Desert Mountain Energy Corp. (DMEHF, Financial) has successfully completed the third tranche of its private placement, raising an additional C$215,000.
- The company has raised a total of C$971,500 through the issuance of 3,886,000 Units.
- Each Unit includes a warrant allowing purchase of an additional share at CAD $0.35 until May 2, 2026.
Desert Mountain Energy Corp. (DMEHF) has announced the successful closure of the third tranche of its non-brokered private placement. The company raised an additional C$215,000 by issuing 860,000 Units at a price of C$0.25 per Unit. This brings the total amount raised in its current private placement to C$971,500, achieved through the issuance of 3,886,000 Units.
Each Unit consists of one common share and one warrant, with the warrant enabling the holder to purchase an additional share at a price of CAD $0.35 until May 2, 2026. This warrant price reflects a 40% premium over the current unit price, offering an attractive option for investors.
The private placement remains open until May 16, 2025, allowing further investment opportunities. Finder's fees for this tranche included 68,800 finders warrants and C$17,200 in cash, with the issued Units subject to a holding period until September 3, 2025.
Desert Mountain Energy is a publicly traded resource company focusing on the exploration and production of helium, hydrogen, natural gas, and condensate. The company is dedicated to supplying key elements critical to renewable energy and high-tech industries in an environmentally responsible manner.
