Premier American Uranium (TSXV:PUR)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Premier American Uranium Charts. Click Here for more Premier American Uranium Charts.](/p.php?pid=staticchart&s=TX%5EPUR&p=8&t=15)
CALGARY, March 21 /CNW/ --
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, March 21 /CNW/ - Pure Technologies Ltd. ("Pure" or the
"Company") (TSX Venture: PUR) is pleased to announce that it has
entered into an agreement with a syndicate of underwriters led by
Canaccord Genuity Corp. and including Cormark Securities Inc. and
Fraser Mackenzie Ltd. (the "Underwriters"), pursuant to which the
Underwriters have agreed to purchase, on a bought deal basis, pursuant
to a short form prospectus, 3,922,000 common shares (the "Common
Shares") of the Company at a price of CAD$5.10 per Common Share
("Offering Price") for gross proceeds of CAD$20,002,200 (the
"Underwritten Offering"). In addition, the Company will grant the
Underwriters an option to purchase additional Common Shares at the
Offering Price to raise additional gross proceeds of up to 15% of the
Underwritten Offering (the "Over-Allotment Option") exercisable for a
period of up to 30 days after the closing date (the "Over-Allotment
Option", and together with the Underwritten Offering, the "Offering").
The proceeds from the Offering are expected to be used by the Company
for general corporate purposes. Closing of the Offering is anticipated
to occur on or before April 13, 2011 and is subject to certain
conditions.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy nor shall there be any sale of any of the Common
Shares in any jurisdiction in which such offer, solicitation or sale
would be unlawful. The Common Shares have not been and will not be
registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or the securities laws of any state of the
United States and may not be offered or sold within the United States
or to, or for the account or the benefit of, U.S. persons (as defined
in Regulation S under the U.S. Securities Act) unless registered under
the U.S. Securities Act and applicable state securities laws or
pursuant to an exemption from such registration requirements
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/March2011/21/c4741.html
p To find out more about Pure Technologies Ltd. (TSX-V: PUR), visit our website at a href="http://www.puretechltd.com" font-style="italic"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" font-style="italic"info@puretechnologiesltd.com/a. /p