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Pure Energy Minerals Ltd (2)
Symbol PE
Shares Issued 47,077,479
Close 2015-07-09 C$ 0.225
Recent Sedar Documents

Pure Energy raises $938,469 from warrant exercise

2015-07-10 09:06 ET - News Release

Mr. Robert Mintak reports

PURE ENERGY CLOSES WARRANT EXERCISE INCENTIVE PROGRAM

Further to Pure Energy Minerals Ltd.'s news release of June 12, 2015, announcing its warrant exercise incentive offer, the company has issued a total of 3,128,233 warrants under the incentive program, following the exercise of 6,256,466 previously outstanding warrants for total net proceeds of $938,469.90. Each whole incentive warrant is exercisable on or before Dec. 31, 2016, at a price per incentive warrant of 24 cents.

"Pure Energy's team would like to thank its investment community for their ongoing support of Pure Energy's Nevada lithium brine project," commented Robert Mintak, Pure Energy's chief executive officer. "This capital infusion will advance our goal to build investor value by advancing our development program in Clayton Valley."

The company intends to use the net proceeds of the incentive program for continued exploration and processing development of its Clayton Valley lithium brine project, and for general corporate and working capital purposes. The incentive warrants and the common shares issuable on exercise thereof are subject to a standard four-month hold period from the date of issue of the incentive warrants.

We seek Safe Harbor.

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