Purepoint Uranium Group Inc. Completes Flow-Through Financing with MineralFields Group and Others

Purepoint Uranium Group Inc. (TSXV:PTU) reports that it has privately placed 2,272,727 units for gross proceeds of $500,000.

The press release is quoted as saying:

The net proceeds of this private placement will be used to further advance Purepoint’s uranium exploration projects in Saskatchewan. Canadian exploration expenses incurred using the proceeds of the private placement will be renounced to the purchasers of the flow-through common shares in accordance with applicable law.

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