top of page

DME Closes Over-Allotment Option for Excess of C$1 Million

Beacon Securities has fully exercised the remainder of its over-allotment option to sell an additional 545,000 units of Desert Mountain Energy at a price per Over-Allotment Unit of C$1.95. The Offering has resulted in aggregate gross proceeds of ~C$23mm. Each Over-Allotment Unit is comprised of one common share of the Company and one Common Share purchase warrant.

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All

Proton Green Q1'24 Results: Running Low on Cash

Proton Green generated helium revenue of US$222k in Q1’24 through the sale of 459mcf of helium, implying a price of US$484/mcf. Despite this, the company faced higher costs, with operating costs at US

Royal Helium Q1'24 Results; ~1mmcf Helium Sold

Royal Helium reported its Q1'24 results after an active quarter. The company reported helium revenues of C$819k (or ~US$600k), which it sold at its previously agreed contract price of US$625/mcf. Alth


bottom of page