Purepoint Uranium Group Inc. Closes Its Fully Subscribed Private Placement for Gross Proceeds of C$3.5 Million

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Toronto, Ontario–(Newsfile Corp. – April 14, 2022) – Purepoint Uranium Group Inc. (TSXV: PTU) (" Purepoint " or the " Company ") has announced the closing of its brokered private placement (the " Private Placement ") previously announced on March 14, 2022, with Red Cloud Securities Inc. (" Red Cloud ") pursuant to which Red Cloud acted as lead agent and sole bookrunner. In connection with the closing, the Company issued 25,001,000 flow-through units (" FT Units ") at a price of C$0.14 per FT Unit for aggregate gross proceeds of C$3,500,140. Each FT Unit consists of one common share in the capital of the Company (each, a " Flow-Through Share ") issued on a "flow through" basis pursuant to the Income Tax Act (Canada) and one common share purchase warrant (each, a " […]

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