Purepoint Uranium Closes Second Tranche of Private Placement

Purepoint Uranium Group Inc. (TSXV:PTU) has closed the second tranche of the non-brokered private placement announced on December 3, 2013, for gross proceeds of $441,949.

According to the company’s press release:

The Company issued 8,035,436 flow-through units at a price of $0.055 per unit. 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 $0.10 per share for a period of 24 months from the date of issuance. The closing is subject to final acceptance by the TSX Venture Exchange of the private placement.

Click here to view the full press release.