TSX.V: DME
U.S. OTC: DMEHF
Frankfurt: QM01
VANCOUVER, BC, March 27,
2023 /CNW/ - DESERT MOUNTAIN ENERGY CORP. (the
"Company") (TSXV: DME) (OTC: DMEHF) (Frankfurt: QM01) From
the President of the Company.
Desert Mountain Energy Corp.'s ("DME" or the "Company") has is
pleased to announce the approval by its Board of Directors
effective today of the adoption of an advance notice policy (the
"Policy") that requires advance notice to the Company in
circumstances where nominations of persons for election to the
Board of Directors are made by shareholders of the Company other
than pursuant to: (i) a requisition of a meeting made pursuant to
the provisions of the B.C. Business Corporations Act (the
"Act"), or (ii) a shareholder proposal made pursuant to the
provisions of the Act.
Among other things, the Policy fixes a deadline by which holders
of record of common shares of the Company must submit director
nominations to the Company prior to any annual or special meeting
of shareholders and sets forth the information that a shareholder
must include in the notice to the Company for the notice to be in
proper written form. In the case of an annual meeting of
shareholders, notice to the Company must be made not less than 30
nor more than 65 days prior to the date of the annual meeting;
provided, however, that if the annual meeting is to be held on a
date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made,
notice may be made no later than the close of business on the
10th day following such public announcement. In
accordance with the terms of the Advance Notice Policy, the Advance
Notice Policy will be put to shareholders of the Company for
approval at next year's annual general meeting. If the Advance
Notice Policy is not confirmed at that time by ordinary resolution
of shareholders, then the Advance Notice Policy will terminate and
be of no further force and effect following the termination of that
meeting.
The Advance Notice Policy is in full force and effect as of the
date it was approved. A copy of the Advance Notice Policy is also
available on SEDAR under the Company's profile at
www.sedar.com.
About Desert Mountain
Energy
Desert Mountain Energy Corp. is a publicly traded exploration
and resource company focused on the discovery and development of
rare earth gas fields in the US. The Company is primarily looking
for elements deemed critical to the green energy and high
technology industries. We seek safe harbor
"Robert Rohlfing"
Robert Rohlfing
Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in polices of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The statements made in this press release may contain
certain forward-looking statements that involve a number of risks
and uncertainties. Actual events or results may differ from the
Company's expectations.
Cautionary Note Regarding
Forward-Looking Statements
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 Company's anticipated
performance in the future, planned exploration activities, receipt
of positive results from drilling, the completion of further
drilling and exploration work, and the timing and results of
various activities, including the ability of its facilities to
operate at capacity and to produce Helium in commercial
quantities.
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 Canada
and the United States; financial
risks due to helium prices, operating or technical difficulties in
exploration and development activities; risks and hazards and the
speculative nature of resource exploration and related development;
risks in obtaining necessary licenses and permits, and challenges
to the Company's title to properties.
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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content:https://www.prnewswire.com/news-releases/desert-mountain-adopts-advance-notice-policy-301782473.html
SOURCE Desert Mountain Energy Corp.