Desert Mountain Energy increases financing to $337,500

Executive Summary

• Desert Mountain Energy Corp. announced increased investor participation in its previously disclosed non‑brokered private placement, now targeting up to $337,500 of gross proceeds.
• The company will sell up to 1.35 million units at $0.25 per unit, each consisting of one common share and one purchase warrant.
• Finders’ fees are capped at 8 % cash and 8 % in finder warrants (exercise price $0.25), with a four‑month hold period on the units; the placement remains subject to TSX Venture Exchange approval.

Key Details

• Maximum raise: Up to $337,500 in gross proceeds.
• Units offered: Up to 1.35 million units at $0.25 per unit.
• Unit composition: 1 common share + 1 share purchase warrant.
• Warrant terms: Each warrant permits the purchase of one additional share for one year from closing at an exercise price of $0.35 per share.
• Finders’ fees: Up to 8 % cash and 8 % in finder warrants (finder warrants exercisable at $0.25 per share).
• Hold period: Units are subject to a four‑month hold period before they may be transferred or sold.
• Regulatory condition: Private placement is contingent upon approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)