Purepoint Uranium Closes First Tranche of Private Placement

Purepoint Uranium Closes First Tranche of Private Placement

Income Tax Act (Canada) and one-half of one common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.20 per share for a period of 24 months from the date of issue. The closing is subject to final acceptance by TSX Venture Exchange of the Private Placement.

In connection with the closing of the private placement, the Company paid certain finders’ fees consisting of, in aggregate, $75,000.72 in cash and 535,719 non-transferable compensation warrants. Each compensation warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.20 per share for a period of 24 months after the date of issue.

The net proceeds of the Private Placement will be used to advance the Company’s exploration program in Saskatchewan. All securities issued in connection with the first […]

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