Mr. William Morton reports
PURE ENERGY MINERALS ANNOUNCES NEW DIRECTOR AND EQUITY GRANT
Pure Energy Minerals Ltd. has appointed Mark Holcombe to the board of directors of Pure Energy Minerals. Mr. Holcombe is a senior finance professional with over 36 years of experience in corporate and investment banking, business development, and asset management. Most recently, he has focused on investments in the energy transition, natural resources, real assets and industrials sectors, including roles as managing director at Antarctica Capital and senior adviser at Nebari Holdings.
"We are pleased to welcome Holcombe to the board of directors of Pure Energy Minerals. We know the company will benefit from his experience and leadership as we work to grow the company," stated William Morton, chief executive officer and director of Pure Energy. In connection with the appointment, Mr. Holcombe has been granted 100,000 stock options of the company. The options were granted under the company's long-term incentive plan and each stock option entitles the holder to acquire one common share at an exercise price of 36 cents until April 20, 2031.
The company also announces that pursuant to its equity plan, the company has granted 1,564,228 restricted share units (RSUs) to an officer and directors of the company, which will be vested in one year from the date of grant. Each vested RSU entitles the holder to receive one common share of the company. The equity grants are subject to TSX Venture Exchange approval.
About Pure Energy Minerals Ltd.
Pure Energy is a TSX Venture Exchange-listed mineral exploration company transitioning toward a new phase of corporate growth. Following the successful option out of its Clayton Valley project, the company is currently focused on the evaluation of new strategic prospects. The company is committed to a disciplined acquisition strategy aimed to create long-term shareholder value.
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