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Puranium Energy Ltd. (MREYF) is a Canadian company focused on uranium exploration. The Company is pleased to announce a non-brokered private placement of up to 11,000,000 Units at $0.10 per Unit for gross proceeds of $1,100,000. Each Unit consists of one common share and one half common share purchase warrant. The Offering proceeds will be used for general working capital expenditures and settling amounts owed to creditors. Puranium Energy holds an 85% interest in seven Exclusive Prospecting Licences totaling 93,514 hectares in Namibia's Erongo Province, a prominent uranium-producing region. For more information, contact investor relations at investors@puraniumenergy.com.
Puranium Energy (CSE: UX) (FSE: 2DK) has appointed Nick Tintor as a Director, effective immediately. Tintor is a mining executive and geologist with over 30 years of industry experience. He holds a Bachelor of Science in Geology from the University of Toronto and is a Qualified Professional Member of the Mining and Metallurgical Society of America. Tintor's extensive background includes project generation, finance, and executive management in junior mining companies.
Jason Bagg, President, CEO & Director of Puranium, expressed enthusiasm about Tintor's appointment, stating that his insight and leadership will be highly beneficial as the company aims to build shareholder value and execute its current strategy.
Monterey Minerals Inc. (CSE:MREY) announced the resignation of President & CEO James Macintosh, effective immediately. David Lees, a current board member with over 20 years of financial services experience in natural resources, has been appointed as the interim CEO. The company appreciates Macintosh's contributions and wishes him well in his future endeavors. Monterey owns the Cobalt Mountain Property in British Columbia and holds prospective tenements in the Pilbara Basin, Australia. Further information can be obtained through their investor relations.
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