Denver, Colorado–(Newsfile Corp. – February 13, 2019) – Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the “Company” or “Pure Energy“) announces that, further to its news release of January 11, 2019, it has received regulatory approval to an agreement to settle debt of $34,128.84. The Company issued 262,530 common shares in the capital of the Company at a discounted market price of $0.13 per share.
In addition, subject to regulatory approval, the Company has agreed to settle $54,662.65 owing to a contractor, by the issuance of 420,481 common shares at a price of $0.13 per share.
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 is developing the Clayton Valley Project (“CV Project“) in Clayton Valley, Nevada, the most advanced primary lithium brine project located in North America. The lithium-bearing brines identified at the CV Project contain very low levels of deleterious elements and have been shown by small scale pumping tests to be amenable to conventional extraction. Pure Energy has completed a Preliminary Economic Assessment (“PEA”) at the CV Project (news releases of June 26, 2017 and April 5, 2018) and is focused on the advancement of the CV Project.
On behalf of the Board of Directors,
“Mary L. Little“
Pure Energy Minerals Ltd.
Cautionary Statements and Forward-Looking Information
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: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry.
The Company does not undertake to update any forward-looking information, except as required by applicable laws.
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.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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