Desert Mountain Energy launches private placement to raise up to $3 million

Reuters03-30

Desert Mountain Energy launches private placement to raise up to $3 million

Desert Mountain Energy launched best-efforts private placement of up to 6,976,744 units at C$ 0.43 each to raise up to C$ 3 million.
Each unit includes one common share plus one warrant exercisable at C$ 0.70 for 36 months from closing.
Net proceeds earmarked for tie-in to Kinder Morgan natural gas pipeline, pipeline system work, working capital.
Closing targeted no later than April 8, 2026, subject to TSX Venture Exchange acceptance.
Haywood Securities to act as sole agent; compensation includes 6% cash commission, 6% unit commission, 6% corporate finance fee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Desert Mountain Energy Corp. published the original content used to generate this news brief on March 30, 2026, and is solely responsible for the information contained therein.

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