PUREPOINT URANIUM GROUP INC. ("PTU")
BULLETIN TYPE: Private Placement-Brokered
BULLETIN DATE: April 25, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced on March 14, 2022:
Number of Shares: 25,001,000 flow-through common shares
Purchase Price: CDN$0.14 per flow-through common share
Warrants: 25,001,000 share purchase warrants to purchase 25,001,000 shares
Warrant Exercise Price: CDN$0.20 for a 24-month period
Number of Placees: 8 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Units
Aggregate Pro Group Involvement P 358,000
[1 placee]
Finder's Fee: CDN$210,008.40 in cash and 1,500,060 non-transferable broker warrants payable to Red Cloud Securities Inc. Each broker warrant entitles the holder to acquire one common share at CDN$0.14 for a 24-month period.
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company has issued a new release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).
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