Desert Mountain arranges $275,000 private placement

Executive Summary

• Desert Mountain Energy Corp. is proceeding with a non-brokered private placement offering to raise up to $275,000.
• The company will offer up to 1.1 million units at a price of 25 cents per unit.
• Each unit consists of one common share and one share purchase warrant, with the warrants exercisable at 35 cents per share for one year.

Key Details

• Offering Size: Up to $275,000 in gross proceeds.
• Units Offered: Up to 1.1 million units.
• Price Per Unit: 25 cents.
• Unit Composition: One common share and one share purchase warrant.
• Warrant Terms:
  • Exercise Price: 35 cents per share.
  • Exercise Period: One year from the date of closing.
  • Ratio: One warrant per unit (allows purchase of one additional share).
• Finders' Fees:
  • Cash: Up to 8%.
  • Warrants: Up to 8% (with an exercise price of 25 cents per share).
• Hold Period: Four months on the units.
• Regulatory Status: Subject to approval of the TSX Venture Exchange.
• Brokerage Status: Non-brokered private placement.