2019-03-13 02:10 ET – News Release
As of March 7, 2019, the TSX Venture Exchange has suspended trading of Desert Mountain Energy Corp.’s securities as a result of a cease trade order issued by the B.C. Securities Commission and the Ontario Securities Commission. The company was in default by reason of the late filing of its interim statements for the period ended Dec. 31, 2018, and upon learning of this default, immediately filed these statements. The B.C. Securities Commission and the Ontario Securities Commission have now issued their revocation orders, and the company is now applying for reinstatement for trading on the TSX Venture Exchange.
About Desert Mountain Energy
The Company is an exploratory resource company engaged in exploration and development of helium, oil & gas and mineral properties in the Southwestern United States. Until September 5, 2018, the Company also owned the Yellowjacket Gold Project in Atlin, British Columbia, which it had been developing. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, on April 30, 2008, and was formerly named African Queen Mines Ltd. It initially received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
On Behalf of the Board of Directors of Desert Mountain Energy Corp.
Chairman & CEO
For more information, contact:
President and CEO
Dubai: +971 55 997 0427
London: +44 (0) 7780 602 788
Germany: +49 (0) 21141 740411
U.K.: +44 (0) 870 490 5443
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.