Desert Mountain cuts share offer price by 17%

AKAP
Jun 27, 2022
1 min read

Last week Desert Mountain Energy said it was increasing its previously announced private placement by 50% to C$7.5mm due to increased demand, offering up to 2.5 mm units at CAD $3.00 per Unit. It has now cut the price by 17% to CAD $2.50 per Unit due to market conditions. Desert Mountain's share price is down 28% over the last month, underperforming the helium sector which has fallen 14%.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

Mendell Outlines Fort Dodge Expansion Plans and Extends Option to Acquire M3 Helium

Mendell provided an update on its strategy to scale helium production around M3 Helium’s Rost 1-26 well in Kansas, identifying multiple new drilling locations within the same narrow channel formation

Airlife Takes Control of Royal Helium; Restructuring Completed and Production Restart Planned

Airlife Gases has acquired 52.9% of Royal Helium through a reverse-takeover restructuring that brings the company out of Companies' Creditors Arrangements Act (CCAA) proceedings and places Airlife in

Ascent Resources Grants Neometals an Option to Access Paradox Basin Wells

Ascent Resources and American Helium (AH) have signed an option agreement giving Neometals and Omaha Value, two mineral exploration companies, a 60-day exclusive period to negotiate access and use rig