top of page

Desert Mountain cuts share offer price by 17%

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 to keep reading this exclusive post.

Subscribe Now

Recent Posts

See All

First Helium filed a preliminary prospectus for a marketed public offering of units at C$0.09/unit, aiming to raise ~C$5mm or C$4.3mm net of fees. Each unit comprises one share and one purchase warran

The company drilled, logged, and cased its first helium well in Southeast Alberta along the Manyberries Helium trend. Subsequently, an additional well was completed, leading to the option to lease mor

bottom of page