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PUR Premier American Uranium Inc

1.68
-0.06 (-3.45%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Premier American Uranium Inc TSXV:PUR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.06 -3.45% 1.68 1.68 1.78 1.80 1.68 1.80 26,061 21:12:17

PURE TECHNOLOGIES CLOSES CAN$20.0 MILLION BOUGHT DEAL COMMON SHARE FINANCING

13/04/2011 1:50pm

PR Newswire (Canada)


Premier American Uranium (TSXV:PUR)
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CALGARY, April 13 /CNW/ -- CALGARY, April 13 /CNW/ - Pure Technologies Ltd., ("Pure" or the "Company") (TSXV: PUR) is pleased to announce that it has closed its previously announced "bought deal" short form prospectus offering of 3,922,000 common shares at a price of $5.10 per common share for total gross proceeds of approximately $20 million.  The offering was conducted through a syndicate of underwriters led by Canaccord Genuity Corp., and included Cormark Securities Inc. and Fraser Mackenzie Limited ("the Underwriters"). The Company has agreed to pay the Underwriters a fee equal to 5% of the gross proceeds of the offering. Pure intends to use net proceeds from this offering to fund business objectives that are consistent with the Company's overall growth oriented strategy.  These business objectives include the development of new technologies and further commercialization of existing technologies for the water and wastewater pipeline industry; increased marketing endeavors to penetrate new international markets; and strategic acquisitions of assets and entities complementary to Pure's business and operations. About Pure Technologies Ltd. Pure Technologies Ltd. is an international asset management technology and services company which has developed patented technologies for inspection, monitoring and management of critical infrastructure around the world.  Pure's business model incorporates four distinct but complementary business streams: -- Sales of proprietary monitoring technologies for pipelines, bridges and structures (SoundPrint®, SoundPrint® AFO); -- Recurring revenue from data analysis and site maintenance for these technologies, and from technology licensing; -- Premium technical services including inspection, leak detection and condition assessment (P-Wave®, SmartBall®, Sahara®, PipeDiver™, PureRobotics™); -- Specialized engineering services in areas related to asset management, primarily in the area of pipeline condition assessment for water and wastewater infrastructure (Openaka, Price Brothers UK Ltd, and Jason Consultants). Forward-Looking Statements This release contains forward-looking statements.  Forward-looking statements, without limitation, may contain the words "believes", "expects", "anticipates", "estimates", "intends", "plans", or similar expressions.  Forward-looking statements are not guarantees of future performance.  They involve risks, uncertainties and assumptions and the Company's actual results could differ materially from those anticipated.  Forward-looking statements are based on the opinions and estimates of Management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.  In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in, the Company's filings with Securities Regulators (www.sedar.com). ® Registered Trademarks, property of Pure Technologies Ltd. "The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release" To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/13/c3623.html p To find out more about Pure Technologies Ltd. (TSX-V: PUR), visit our website at a href="http://www.puretechltd.com"www.puretechltd.com/a.  Or contact James E. Paulson, Chairman or Karen Keebler, Chief Financial Officer at (403) 266-6794 or e-mail to a href="mailto:info@puretechnologiesltd.com"info@puretechnologiesltd.com/a. /p

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