DME Launches C$3mm Equity Raise
Mar 27
3 min read
Desert Mountain Energy (DME) launched a private placement to raise up to C$3mm, issuing 6.9mm units at C$0.43/unit. Each unit will comprise one share and one warrant with a strike of C$0.70 for 36 months post-closing. Proceeds will be directed towards connecting to the Kinder Morgan natural gas pipeline, recompleting the gathering pipeline system from the southern wells to the processing facility and providing working capital.