TSX.V: DME
Frankfurt: QM01
VANCOUVER, BC, April 4,
2023 /CNW/ - DESERT MOUNTAIN ENERGY CORP.
(the "Company") (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01)
From the President of the Company. Desert Mountain
Energy Corp. ("DME" or the "Company") is pleased to
announce that, further to its news releases of March 29 and 31, 2023, an additional
545,000 common share purchase warrants of the Company, issued
pursuant to its Short Form Prospectus dated March 20, 2023, will commence trading on TSX
Venture Exchange at the opening Thursday, April 6, 2023.
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Warrant Exercise
Price/Term:
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$2.70 per common share
to March 24, 2025, subject to acceleration, as
described below.
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Transfer Agent:
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TSX Trust
Company
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Trading Symbol:
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DME.WT
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CUSIP Number:
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25043D123
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In the event the volume weighted average trading price of the
common shares in the capital of the Company for any ten (10)
consecutive trading days on the TSX Venture Exchange exceeds
$4.50, the Company will have the
right to accelerate the expiry date of the Warrants by providing
written notice to each registered holder of Warrants, Warrant
Agent, and distributing a press release (collectively, the
"Acceleration Notice") within ten (10) business days of the
occurrence of such event. If an Acceleration Notice is provided by
the Company, the expiry of the Warrants will be accelerated to
5:00 p.m. (Vancouver time) on the date that is not less
than thirty (30) days following the provision of such Acceleration
Notice (the "Accelerated Expiry Date"); provided, however,
that if the Accelerated Expiry Date falls on a day that is not a
business day, the Accelerated Expiry Date shall be deemed to be the
next business day.
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--545-000-additional-warrants-to-commence-trading-april-6--2023--301789820.html
SOURCE Desert Mountain Energy Corp.