Pure Energy Minerals Announces New Director and Equity Grant

Executive Summary

• Mr. Mark Holcombe has been appointed to the Board of Directors of Pure Energy Minerals Limited.
• The Company granted 100,000 stock options to Mr. Holcombe under its Long-Term Incentive Plan.
• The Company granted 1,564,228 Restricted Share Units (RSUs) to officers and directors, subject to one-year vesting.

Key Details

• Director Appointment: Mr. Mark Holcombe joins the board with over 36 years of experience in corporate/investment banking, business development, and asset management; formerly Managing Director at Antarctica Capital and Senior Advisor at Nebari Holdings.
• Stock Option Grant: 100,000 stock options granted to Mr. Holcombe at an exercise price of $0.36 per share, expiring April 20, 2031.
• RSU Grant: 1,564,228 Restricted Share Units (RSUs) granted to officers and directors, vesting one year from the date of grant.
• Regulatory Note: All equity grants are subject to TSX Venture Exchange approval.

Notable Quotes

"We are pleased to welcome Holcombe to the Board of Directors of Pure Energy Minerals. We know the Company will benefit from his experience and leadership as we work to grow the Company," stated William Morton, CEO & Director of Pure Energy.