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Pure Energy Minerals Completes $5.5 Million Private Placement

Published: 02/06/2018

Team: Gordon R. Chambers, Aimee O'Donnell, Arend J.A. Hoekstra

On February 6, 2018, Pure Energy Minerals Limited, a lithium resource developer, completed a two-tranche private placement of 13,745,000 units, each comprised of  a common share and a 3-year share purchase warrant exercisable at $0.55 (subject to acceleration). The units were issued at a price of $0.40 each for aggregate gross proceeds to Pure Energy of $5.5 million. Pure Energy is listed on the TSX-V.
 
Cassels Brock acted for Pure Energy with a deal team that included Gordon Chambers, Aimee O’Donnell and Arend Hoekstra (Securities and Mining).