Desert Mountain Energy Corp. announced a private placement of units to raise up to CAD 22,947,396 on March 24, 2023. Each Unit will consist of one common share of the company and one share purchase warrant with each whole warrant allowing the subscriber to purchase one additional share for a period of 24 months from the date of the closing at a price of CAD 2.70 per share.

The company intends to continue the transaction for more than one year.