Pure Energy Minerals Raises $938,469.90 via Warrant Exercise

Pure Energy Minerals Ltd. (TSXV:PE) announced that it’s issued 3,128,233 warrants under a warrant exercise incentive offer announced June 12, 2015. A total of  6,256,466 previously outstanding warrants were exercised for net proceeds of $938,469.90.
As quoted in the press release:

Each whole incentive warrant is exercisable on or before Dec. 31, 2016, at a price per incentive warrant of 24 cents.
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.

Robert Mintak, CEO of Pure Energy, commented:

Pure Energy’s team would like to thank its investment community for their ongoing support of Pure Energy’s Nevada lithium brine project. This capital infusion will advance our goal to build investor value by advancing our development program in Clayton Valley.

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