Pure Energy Minerals Hires Haywood for Advisory Services

Pure Energy Minerals Ltd. (TSXV:PE,FWB:A111EG), an integrated lithium mining and processing developer, announced they have entered into an advisory agreement with Haywood Securities, a private, 100-per-cent employee-owned investment dealer, in which Haywood Securities will provide advisory services to Pure Energy Minerals for a period of 18 months.
As quoted in the press release:

Pure Energy Minerals Ltd. has entered into an advisory agreement with Haywood Securities Inc. whereby Haywood has agreed to provide advisory services to the company for a period of 18 months to unlock value from the company’s assets, including, but not limited to, the evaluation of supply agreements and offtakes, business development and corporate opportunities, the introduction of the company to potential parties to a transaction, to attend any or all meetings as requested by the company, and such other ancillary financial advisory and investment banking services as the company and the adviser agree appropriate in the circumstances.
As part of Haywood’s fee, the Company has granted Haywood share purchase warrants exercisable into 800,000 common shares during the term of the Agreement at a price of $.35 per share.
The Strategic Advisory Agreement is subject to the acceptance of the TSX Venture Exchange.

Robert Mintak, Pure Energy CEO, stated:

“We are pleased about our engagement of Haywood Securities. Retaining an experienced team is a key step in the process to evaluate and develop a range of strategic opportunities to maximize shareholder value”. Mr. Mintak added, “We look forward to working closely with Haywood’s investment banking team to capitalize on the significance of our recently announced NI 43-101 Inferred Resource. Now that we have achieved the first significant milestone by publishing the first ever Inferred Resource on our Clayton Valley South Lithium Brine Project, we expect to be presented with several strategic alternatives as we move towards a pre-feasibility study, and will rely on Haywood’s advice as we analyze strategic options and pursue transactions that will position the Company for growth to the next level”.

Click here for the Pure Energy Minerals Ltd. (TSXV:PE,FWB:A111EG) press release.
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