- Purepoint Uranium Group (PTU) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.03
- The private placement involves the issuance of up to 28,571,429 flow-through units at a price of $0.07 per unit
- The company intends to use the net proceeds from the offering for the exploration and advancement of the company’s projects in the Athabasca Basin, Saskatchewan
- Purepoint Uranium Group Inc. actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin
- Purepoint Uranium Group Inc. was unchanged at $0.065 at 12:49 PM ET
Purepoint Uranium Group (PTU) has announced a non-brokered private placement for gross proceeds of up to $2,000,000.03.
The private placement involves the issuance of up to 28,571,429 flow-through units at a price of $0.07 per unit.
Each flow-through unit consists of one common share of the company to be issued on a flow-through basis in accordance with the Income Tax Act (Canada) and one-half of one common share purchase warrant.
Each whole warrant entitles its holder to purchase one common share of the company at an exercise price of $0.105 per share for a period of 24 months from the date of issuance.
The company intends to use the net proceeds from the offering for the exploration and advancement of the company’s projects in the Athabasca Basin, Saskatchewan.
The company has agreed to pay certain finders facilitating the offering, including Red Cloud Securities Inc., a cash commission equal to 6 per cent of the gross proceeds of the offering raised through the finders and issue to the finders non-transferrable compensation warrants.
The completion of the offering is subject to certain conditions.
Purepoint Uranium Group Inc. actively operates an exploration pipeline of 12 advanced projects in Canada’s Athabasca Basin.
Purepoint Uranium Group Inc. was unchanged at $0.065 at 12:49 PM ET.
