Desert Mountain Energy has announced a private placement to raise up to C$5mm, issuing 1.667mm Units at C$3.00/Unit. DME has also made a provision to increase this by 5% to 1.75mm Units. Proceeds from the private placement will be utilized for exploration and development of the company's helium projects, as well as working capital and general corporate purposes. The company is citing higher costs given market inflation.
top of page
Search
Recent Posts
See AllThe Minnesota Department of Natural Resources (DNR), representing the state’s Gas Resources Technical Advisory Committee (GTAC),...
Pulsar Helium closed the first tranche of its private placement, issuing 5.26mm shares at US$0.38/sh (~4% discount to the previous day's...
Renergen has denied rumours that it is facing business rescue (a form of bankruptcy protection). The company has urged its investors to...
bottom of page