Desert Mountain closes $337,500 private placement

Executive Summary

• Desert Mountain Energy Corp. closed a non‑brokered private placement, raising $337,500 in gross proceeds.
• The financing consisted of 1.35 million units at $0.25 per unit, each unit containing one common share and one warrant to purchase an additional share at $0.35 for one year.
• Proceeds are earmarked for working capital; the transaction included finder fees of $27,000 and issuance of 108,000 non‑transferable finder warrants.

Key Details

• Gross proceeds: $337,500.
• Units issued: 1,350,000 units @ $0.25 per unit.
• Unit composition: 1 common share + 1 share purchase warrant (exercise price $0.35 per share, exercisable for one year).
• Hold period: Units subject to a four‑month hold restriction.
• Finder compensation: $27,000 paid in cash; issuance of 108,000 non‑transferable finder warrants at $0.25 per warrant, each warrant exercisable for 12 months from closing.
• Use of proceeds: Working capital for general corporate purposes.

Notable Quotes

(No executive quotes were provided in the release.)