Pure Energy Minerals Increases Private Placement to $1.6 Million

Pure Energy Minerals (TSXV:PE) announced that it has decided to increase its private placement to $1.6 million from $1.5 million. The placement will now be for 8 million units.

According to the press release:

The private placement will now be for 8,000,000 units at a price of $.20 per unit. Each unit is comprised of one common share and one transferable share purchase warrant, each warrant being exercisable for 18 months from closing at a price of $.30 per common share.

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