DESERT MOUNTAIN WARRANTS TO COMMENCE TRADING FRIDAY, MARCH 31, 2023
Desert Mountain Energy Corp. (TSXV: DME, OTC: DMEHF) announced that 11,300,000 common share purchase warrants will begin trading on the TSX Venture Exchange on March 31, 2023. The warrants have an exercise price of
- Commencement of trading for 11,300,000 common share purchase warrants increases liquidity.
- Warrant exercise price set at $2.70, potentially attractive for shareholders.
- Possibility of issuing an additional 545,000 warrants may enhance capital raising options.
- Warrants subject to acceleration if share price exceeds $4.50, potentially shortening investment horizon.
- Market volatility could affect the exercise of warrants and overall shareholder value.
TSX.V: DME
Warrant Exercise Price/Term: |
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Transfer Agent: | |
Trading Symbol: | DME.WT |
CUSIP Number: | 25043D123 |
In the event the volume weighted average trading price of the common shares of the Company for any ten (10) consecutive trading days on the
Up to an additional 545,000 warrants may still be issued and listed for trading. Under the Short Form Prospectus, the Company's Agent for the Offering,
"Robert Rohlfing"
Chairman & CEO
Neither the
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward–looking statements and information herein include but are not limited to statements regarding the final size of the offering under the
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company's exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.
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FAQ
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