PURE ENERGY CLOSES WARRANT EXERCISE INCENTIVE PROGRAM
July 10, 2015, Vancouver, BC – Pure Energy Minerals Limited (the “Company” or “Pure Energy”) (TSX-V: PE) announces, further to the Company’s news release of June 12, 2015 announcing its warrant exercise incentive offer (the “Incentive Program”), that the Company has issued a total of 3,128,233 warrants (the “Incentive Warrants”) under the Incentive Program, following the exercise of 6,256,466 previously outstanding warrants for a total net proceeds of $938,469.90. Each whole Incentive Warrant is exercisable on or before December 31, 2016 at a price per Incentive Warrant of $0.24.
“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.
About Pure Energy Minerals Limited
The Company is an integrated lithium mining and processing developer with a focus on green ‘cradle to cradle’ lifecycle solutions for lithium supply in North America. The Company is currently focused on the advancement of its Clayton Valley lithium brine project, located contiguous and to the southeast of the only prod cing lithium mine in the United States,
Rockwood Lithium’s Silver Peak lithium brine mine.
ON BEHALF OF THE BOARD
PURE ENERGY MINERALS LIMITED
Chief Executive Officer