Toronto, Ontario--(Newsfile Corp. - December 13, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced today the closing of its previously announced non-brokered private placement (the "Private Placement"). In connection with the closing, the Company issued 76,190,477 flow-through units ("Flow-Through Units") at a price of $0.0525 per unit for aggregate gross proceeds of $4,000,000. Each Flow-Through Unit consists of one common share in the capital of the Company issued on a "flow through" basis pursuant to the Income Tax Act (Canada) 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 $0.07 per share for a period of 24 months from the date of issuance.
"We have a full year of work ahead for 2024 starting in January with our Hook Lake drill program," said Chris Frostad, President & CEO at Purepoint. "As uranium prices continue to surge, we look forward to a very active year of exploration in Saskatchewan."
In connection with the closing of the private placement, the Company paid Red Cloud Securities Inc., Accilent Capital Management Inc. and CIBC World Markets finders' fees consisting of, in aggregate, $234,779.75 in cash and 4,471,996 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 $0.0525 per share for a period of 24 months after the closing date.
The net proceeds of the Private Placement will be used for the exploration and advancement of the Company's projects in the Athabasca Basin, Saskatchewan. All securities issued in connection with the closing of the Private Placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of April 14, 2024.
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates a uranium exploration pipeline of nine advanced projects in Canada's Athabasca Basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds seven 100% owned projects with proven uranium rich targets. With an aggressive exploration program underway on multiple projects, Purepoint is emerging as the preeminent uranium explorer in the world's richest uranium district.
For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release.
Disclosure regarding forward-looking statements
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.
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安大略省多倫多--(Newsfile Corp.,2023 年 12 月 13 日)-Purepoint 鈾業集團公司(多倫多證券交易所:PTU)(OTCQB:PTUUF)(”Purepoint“或者”公司“) 今天宣佈結束其先前宣佈的非經紀私募配售(the”私募配售“)。與收盤有關,該公司發行了76,190,477個流通單位(”流通單元“)價格爲每單位0.0525美元,總收益爲400萬美元。每個流通單位由公司資本中的一股普通股組成,根據以下規定在 “流通” 基礎上發行 所得稅法 (加拿大)和一份普通股購買權證。每份認股權證的持有人有權以每股0.07美元的行使價購買公司資本中的一股普通股,期限爲自發行之日起24個月。
Purepoint總裁兼首席執行官克里斯·弗羅斯塔德表示:“從1月份開始,我們的胡克湖鑽探計劃還有整整一年的工作要做。”“隨着鈾價格的持續飆升,我們期待薩斯喀徹溫省的勘探工作將非常活躍。”
在完成私募股權時,該公司支付了紅雲證券公司、Accilent資本管理公司和加拿大帝國商業銀行世界市場調查員的費用,其中包括總額爲234,779.75美元的現金和4,471,996份不可轉讓的補償認股權證。每份補償權證的持有人有權在截止日期後的24個月內以每股0.0525美元的行使價購買公司資本中的一股普通股。
私募的淨收益將用於勘探和推進公司在薩斯喀徹溫省阿薩巴斯卡盆地的項目。根據適用的證券法,所有與私募股收盤相關的證券均有四個月的持有期,到期日爲2024年4月14日。
關於 Purepoint
Purepoint Uranium Group Inc.(多倫多證券交易所股票代碼:PTUU)(OTCQB:PTUUF)在加拿大阿薩巴斯卡盆地積極運營由九個先進項目組成的鈾勘探管道。除了與合作伙伴Cameco和Orano在胡克湖的旗艦合資項目以及與Cameco在Smart Lake的第二家合資項目外,Purepoint還擁有七個經過證實的富鈾目標的100%持股項目。隨着多個項目的積極勘探計劃正在進行中,Purepoint正在成爲世界上最富有的鈾礦區的卓越鈾勘探商。
欲了解更多信息,請聯繫:
克里斯·弗羅斯塔德,總裁兼首席執行官
電話:(416) 603-8368
電子郵件:cfrostad@purepoint.ca
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