Purepoint Uranium Sets Final Size of Private Placement at $6 Million

Core Viewpoint - Purepoint Uranium Group Inc. has successfully completed a non-brokered flow-through private placement, raising $6,000,000, with the offering fully subscribed and no further subscriptions accepted [1] Group 1: Offering Details - The offering consists of flow-through shares and warrants, with each warrant allowing the purchase of one common share at an exercise price of $0.50 for 24 months [1] - The gross proceeds from the flow-through shares will be allocated to Canadian Exploration Expenses related to the company's exploration program in the Athabasca Basin, Saskatchewan [2] - The company plans to renounce the Canadian Exploration Expenses by December 31, 2025 [2] Group 2: Regulatory and Corporate Approvals - The completion of the offering is contingent upon receiving necessary regulatory and corporate approvals, including the listing of the flow-through shares and warrant shares on the TSX Venture Exchange [3] - The resale of the securities will be subject to a statutory hold period of four months and one day following the closing date, targeted for around August 28, 2025 [3] Group 3: Company Overview - Purepoint Uranium Group Inc. is focused on uranium exploration with a portfolio of advanced projects in the Athabasca Basin, collaborating with industry leaders such as Cameco Corporation and Orano Canada Inc. [4] - The company also holds a promising VHMS project adjacent to Foran Corporation's McIlvenna Bay project, enhancing its strategic position in a significant uranium district [5]