Pure Energy Minerals Announces Non-Brokered Private Placement
Pure Energy Minerals Announces Non-Brokered Private Placement
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
VANCOUVER, British Columbia, Sept. 13, 2017 -- Pure Energy Minerals Limited (TSX VENTURE:PE) (OTCQB:PEMIF) (the
“Company” or “Pure Energy”) announces that it intends to undertake a non-brokered private placement (the “Private
Placement”) for total gross proceeds of up to $1,500,000 subject to a 20% over-allotment option. Proceeds of the Private
Placement will be used for general working capital and exploration and development activities on the Clayton Valley and Terra
Cotta Projects. The Private Placement will consist of up to 3,000,000 units (excluding any over-allotment) of the Company
(each a “Unit”) at a price of $0.50 per Unit. Each Unit will consist of one common share of the Company (a “Share”) and one-
half Share purchase warrant (each whole such warrant, a “Warrant”).
Each whole Warrant will entitle the holder thereof to acquire one Share at a price of $0.75 for a period of 24 months following
closing of the Private Placement (the “Expiry Date”), subject to acceleration. If at any time between the date that is four
months and one day from the closing of the Private Placement and the Expiry Date of the Warrant, the closing price of the
Shares on the TSX Venture Exchange (the “Exchange”) is equal to or greater than $1.20 for 20 consecutive trading days, then
the Company may, at its sole option, elect to provide notice (the “Acceleration Notice”) to the holders of the Warrants by news
release that the Warrants will expire at 4:00 p.m. (Vancouver time) on the date that is 30 days from the date of the
Acceleration Notice (the “Accelerated Expiry Date”). In such instance, all Warrants that are not exercised prior to the
Accelerated Expiry Date will expire on the Accelerated Expiry Date.
In connection with certain subscriptions under the Private Placement, the Company may pay a cash commission and issue
finder warrants pursuant to and in accordance with applicable securities laws and Exchange policy. The Private Placement is
subject to the acceptance of the Exchange.
About Pure Energy Minerals Limited
Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium
battery industry. The Company’s current focus is on the development of the Clayton Valley (CV) Project in Esmeralda County,
Nevada. Pure Energy also has a purchase option on a major new lithium brine project in the Lithium Triangle of South
America, the Terra Cotta Project (“TCP”). The TCP is located on Pocitos Salar in Salta, Argentina, where it enjoys some of
the best infrastructure and access of any lithium brine exploration project in Argentina.
Pure Energy has developed core strengths in innovative development and processing technologies for lithium brines and lithium
mineral deposits. Key attributes and activities include:
• A large, strategic land position with excellent infrastructure in a first-class mining jurisdiction: approximately 10,000
hectares (25,000 acres) in Clayton Valley, Esmeralda County, Nevada, located a 3-hour drive from the Gigafactory;
• An inferred mineral resource of approximately 247,000 tonnes of LiOH∙H2O (218,000 tonnes of LCE) at an average
grade of 123 mg/L lithium;
• The only lithium brine resource in North America to yield a positive Preliminary Economic Assessment including after-
tax NPV (8% discount) of US $264 million and an IRR of 21%;
• Advanced metallurgical testwork demonstrating the improved efficacy of a new environmentally responsible lithium
processing technology that produces low-cost battery grade lithium hydroxide;
• A new early stage exploration program on the 13,000-hectare (32,000 acre) Terra Cotta Project (TCP), located on
Pocitos Salar in Salta Province; and
• An active business development program, applying Company expertise to the evaluation of new lithium targets around
the world.
On behalf of the Board of Directors,
“Patrick Highsmith”
Chief Executive Officer
CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
Telephone – 604 608 6611, ext 7
Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a
number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from
those anticipated in our forward looking statements. Factors that could cause such differences include, but are not limited to:
changes in world commodity markets, equity markets, changes in government and changes to regulations affecting the mining
industry. Forward-looking statements in this release include statements regarding future financing activities, exploration
programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we
believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release