VANCOUVER, British Columbia, June 05, 2026 (GLOBE NEWSWIRE) -- Purecore Metals Inc. (CSE:PURE) (FSE: J8Y) ("Purecore" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 1,500,000 units (the "Units") at a price of $1.00 per Unit for aggregate gross proceeds of up to $1,500,000.
The Offering
Each Unit will be comprised of one common share of the Company (a "Common Share") and one transferable Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at a price of $2.00 per Common Share for a period of three years from the closing of the Offering, subject to the following acceleration provisions.
If, over a period of ten (10) consecutive trading days between: (i) the date that is four months and one day following the closing of the Offering; and (ii) the date of expiry of the Warrants, the closing price of the Common Shares is equal to or greater than $2.50 for each of those ten (10) consecutive days, the Company may, at any time, give written notice, by way of issuing a news release, that the Warrants will expire on the earlier of the date of expiry of the Warrants and 5:00 p.m. (Vancouver time) on the 30th day following the giving of such notice unless exercised by the holders prior to such date, and thereafter any Warrants that remain unexercised as of such date will expire.
The Company may pay finder's fees to eligible finders in connection with the Offering.
All securities to be issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the "CSE").
The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The proceeds raised from the Offering are expected to be used for the identification, evaluation and acquisition of additional mineral properties, working capital and general corporate purposes including marketing. The use of available funds of the Company, which was disclosed in its final prospectus dated April 30, 2026 (the "Prospectus"), has been updated below to include the proceeds of the Offering as at April 30, 2026:
Use of Available Funds (1)
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