Vancouver, British Columbia--(Newsfile Corp. - May 17, 2019) - Pure Energy Minerals Limited (TSXV: PE) (the "Company" or "Pure Energy") announces that it has distributed to all shareholders, by mail or email, its Notice of Meeting, Information Circular and Proxy (the "AGM Package"), for an annual general and special meeting to be held on May 28, 2019 at 9:30 a.m. Pacific time, at 1040 W. Georgia St., #1500, Vancouver, British Columbia, Canada.
The Board has unanimously determined that the terms of the earn-in transaction to be voted upon by shareholders, as disclosed in a news release dated May 1, 2019, are in the best interests of the Company, are fair and reasonable to the Company, and unanimously recommends that shareholders vote in favour of the resolutions contained in the AGM Package.
The AGM Package has been posted to the Company's website at http://www.pureenergyminerals.com/2019-annual-and-special-meeting/ as well as on SEDAR (www.sedar.com). Shareholders are urged to download a copy of the AGM Package, if not already received by mail, and to vote in favour of the special resolution therein. The transaction will not become effective without the affirmative vote of at least two-thirds of the votes cast by Pure Energy shareholders who vote in person or by proxy on the special resolution at the Meeting.
About Pure Energy Minerals
Pure Energy Minerals is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. Pure Energy has consolidated a pre-eminent land position at its Clayton Valley Project in the Clayton Valley of central Nevada for the exploration and development of lithium resources, comprising 948 claims over 23,360 acres (9,450 hectares), representing the largest mineral land holdings in the valley. Pure Energy's Clayton Valley Project adjoins and surrounds on three sides the Silver Peak lithium brine mine operated by Albemarle Corporation. The Company has completed a Preliminary Economic Assessment ("PEA") for the Clayton Valley Project (news releases of June 26, 2017 and April 5, 2018).
Quality Assurance
Walter Weinig, Professional Geologist and Qualified Person as designated by the Mining and Metallurgical Society of America (MMSA registration #01529QP), is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Weinig is not independent of the Company, as he is a former officer.
Cautionary Statements and Forward-Looking Information
The information in this news release contains forward looking information within the meaning of applicable securities laws. Often, but not always, forward looking information can be identified by the use of words such as "will", "expects", "intends" and similar expressions as they relate to the Company. In particular, this press release contains forward-looking information relating to the exploration and development of the Clayton Valley Project and the proposed transactions with the Investor. Forward looking information pertaining to the Company is 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 such forward-looking information. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry and changes to regulations affecting the mining industry. 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.
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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