PURE ENERGY MINERALS FILES AMENDED AND RESTATED MD&A FOR PERIOD ENDED MARCH 31, 2015
September 3, 2015, Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTC: HMGLF) (the “Company” or “Pure Energy”) announces that, as a result of a review by the British Columbia Securities Commission, it has filed amended and restated management’s discussion and analysis (“MD&A”) for the period ended March 31, 2015 to include additional disclosure required by applicable regulatory requirements, and is issuing this press release to clarify the Company’s disclosure.
The amended and restated MD&A includes the following changes:
The Company has added disclosure to the MD&A to i) clarify the Company’s anticipated cash requirements and liquidity, ii) identify anticipated expenditure levels for the upcoming year and iii) clarify potential sources of available working capital. The Company has added discussion regarding events and uncertainties which may materially affect the business of the Company.
Selected Annual Information / Summary of Quarterly Results
The Company has added disclosure to the MD&A regarding the factors that impact period-to-period variations in the Company’s financial performance and condition, as well as factors that have caused variations over recent quarters necessary to understand general trends that have developed.
Results From Operations
The Company has added disclosure to the MD&A regarding the Company’s expenses incurred in advancing its Clayton Valley Lithium Brine Project, as well as more detailed disclosure regarding significant causes of variations in fee expenses.
Liquidity and Related Party Transactions
The MD&A now provides a more comprehensive analysis of the Company’s liquidity, as well as greater detail as to the particulars of the Company’s relevant related party transactions.
Readers are encouraged to review the amended and restated MD&A, available on the Company’s profile at www.sedar.com.
About Pure Energy
Pure Energy is a lithium-brine resource developer with a focus on becoming the lowest cost, lithium supplier for the burgeoning lithium battery industry in North America. Pure Energy is currently focused on the development of our prospective Clayton Valley South Lithium Brine Project.
The Company is undertaking pre-feasibility level work to better understand the economics and feasibility of using modern processing techniques to convert the Clayton Valley South brines into the high purity lithium products required for new energy storage uses.
ON BEHALF OF THE BOARD
PURE ENERGY MINERALS LIMITED
Chief Executive Officer
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