Purepoint Uranium Group Mining News

Purepoint completes initial fieldwork at Hook Lake

The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district.

Hook Lake JV to spend $3m for 2019 exploration

Hook Lake is owned jointly by Cameco Corp. (39.5%), Orano Canada (39.5%) and Purepoint Uranium Group (operator and holder of a 21% interest).

Purepoint Uranium Group Inc. completes flow-through financing with MineralFields Group and others

Purepoint Uranium Group Inc. (TSX VENTURE:PTU) is pleased to announce that it has completed a private placement of 2,272,727 units ("Units") at a price of $0.22 per Unit for gross proceeds of $500,000 to a group of investors including MineralFields Group. Each Unit will consist of one flow-through common share of Purepoint and one-half of a warrant ("Warrant"). Each whole Warrant will entitle its holder to acquire one non-flow-through common share of Purepoint for a period of 24 months from the date of issuance, at a price of $0.30 per share during the first 12 months and $0.35 per share during the second 12 months. All securities issued under this private placement are subject to resale restrictions until October 4, 2011.