Desert Mountain Energy plans private placement to raise C$275,000

Desert Mountain Energy Corp. (TSXV: DME) announced a non-brokered private placement offering to raise up to C$275,000. The company will offer 1.1 million units at C$0.25 per unit.

Each unit consists of one common share and one share purchase warrant. The warrants allow holders to purchase additional shares for one year from closing at C$0.35 per share. Finder's fees of up to 8% in cash and 8% in finder warrants are payable, with finder warrants exercisable at C$0.25 per share.

The units will be subject to a four-month hold period. The private placement requires approval from the TSX Venture Exchange.

Desert Mountain Energy focuses on exploration, development and production of helium, hydrogen and natural gas. The company extracts helium from various raw gas sources for supply to renewable energy and high technology industries.

The information is based on a company press release statement.

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