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Pure Energy Minerals Ltd (2)
Symbol PE
Shares Issued 17,249,126
Close 2014-11-19 C$ 0.21
Recent Sedar Documents

Pure Energy arranges $1.5-million private placement

2014-11-20 14:02 ET - News Release

Mr. Robert Mintak reports

PURE ENERGY MINERALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR UP TO $1.5 MILLION

Pure Energy Minerals Ltd. will, subject to a regulatory approval, conduct a non-brokered private placement of units of the company at a price of 20 cents per unit to raise gross proceeds of up to $1.5-million. Each unit will consist of one common share of the company and one transferable share purchase warrant. Each warrant shall be exercisable to acquire one additional common share of the company for a period of 18 months at a price of 30 cents per common share.

The private placement is subject to TSX Venture Exchange approval. All securities issued under the private placement will be subject to a four-month hold period from the date of issuance.

The company may pay a finder's fee of up to 6 per cent cash commission and 3 per cent finder warrants having the same terms as the warrants, in accordance with exchange policies and applicable securities legislation. The proceeds of the private placement will be used for additional exploration on the company's lithium brine properties located in Esmeralda county, Nevada, and for general working capital.

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