DESERT MOUNTAIN ENERGY ANNOUNCES PRIVATE PLACEMENT OFFERING

Executive Summary

• Desert Mountain Energy Corp. announced a non‑brokered private placement to raise up to C$275,000 by selling up to 1.1 million units at C$0.25 per unit.
• Each unit includes one common share and one warrant allowing purchase of an additional share at C$0.35 for one year; finder’s fees may be paid in cash (up to 8%) and warrants (up to 8%).
• Units are subject to a four‑month hold period and the placement requires TSX Venture Exchange approval.

Key Details

• Offering Size: Up to C$275,000 total gross proceeds.
• Units Offered: Up to 1,100,000 units at C$0.25 per unit.
• Unit Composition: 1 common share + 1 share purchase warrant per unit.
• Warrant Terms: Each warrant permits the holder to buy one additional share at C$0.35 per share for a period of one year from closing.
• Finder’s Fees: Up to 8% payable in cash and up to 8% payable in finder warrants (exercise price C$0.25 per share).
• Hold Period: Units subject to a four‑month lock‑up before resale.
• Regulatory Condition: Offering is contingent upon approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes from management were included in the release.)