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/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES/
TORONTO, Dec. 15, 2020 /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (the Company ) announced today that it has increased the size of offering of its previously announced $1,250,000 Private Placement (December 8, 2020) to $1,925,400. Due to the recent rally in the uranium sector, the Company will not be accepting any further subscriptions.
The Company is now offering up to 30,170,000 Flow-Through units (
Flow-Through Units ) and 8,338,000 Common Share units (
Common Share Units ) both on a private placement basis at a price of $0.05 per Unit. Each Flow-Through Unit is comprised 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 common share purchase warrant. Each Common Share Unit is comprised of one common share in the capital of the Company and one common share purchase warrant. Each war