Purepoint Uranium Group Inc. Announces Private Placement

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

TORONTO, Dec. 8, 2020 /CNW/ – Purepoint Uranium Group Inc. (TSXV: PTU ) (the "Company") announced today that concurrent with its previously announced $1,000,000 Flow-Through Private Placement ( December 1, 2020 ), it is now also offering up to 5,000,000 common share units (the "Units") on a private placement basis at a price of $0.05 per Unit for aggregate gross proceeds up to $250,000 (the " Hard Dollar Private Placement ") in order to accommodate increase interest from non-Canadian investors. Each Common Share Unit is comprised of one common share in the capital of the Company and 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 $0.08 per share for a period of 24 months from the date of issuance.

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