Purepoint Uranium Group Inc. Closes Final Tranche of Private Placement

Purepoint Uranium Group Inc. Closes Final Tranche of Private Placement

Toronto, Ontario–(Newsfile Corp. – December 31, 2021) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (" Purepoint " or the " Company ") is pleased to announce the closing of the final tranche of the previously announced non-brokered private placement (the " Private Placement "). Together with the first tranche of the Private Placement, the Company issued a total of 10,107,643 flow-through units for aggregate gross proceeds of $1,415,070. Each Flow-Through Unit consists of one common share in the capital of the Company to be issued on a "flow through" basis pursuant to the 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.

Together with the first tranche of the Private […]

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