Pure Energy Minerals appoints new director, grants equity compensation

Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) announced the appointment of Mark Holcombe to its board of directors, according to a company statement.

Holcombe brings 36 years of experience in corporate and investment banking, business development, and asset management. He has recently focused on investments in energy transition, natural resources, real assets, and industrials sectors, including roles as Managing Director at Antarctica Capital and Senior Advisor at Nebari Holdings.

In connection with his appointment, Holcombe received 100,000 stock options under the company's Long-Term Incentive Plan. The options carry an exercise price of $0.36 per share and expire on April 20, 2031.

The company also granted 1,564,228 Restricted Share Units to an officer and directors. These RSUs will vest one year from the grant date, with each vested unit entitling the holder to receive one common share. The equity grants require TSX Venture Exchange approval.

"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 and Director of Pure Energy.

Pure Energy describes itself as a mineral exploration company transitioning toward a new phase of corporate growth. Following the option-out of its Clayton Valley Project, the company states it is evaluating new strategic prospects and pursuing a disciplined acquisition strategy.

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