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Purepoint Uranium Group Inc. Closes its Private Placement
Purepoint Uranium Group Inc. Closes its Private Placement Canada NewsWire ...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"\n \n \n \n Purepoint Uranium Group Inc. Closes its Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR THROUGH U.S. NEWSWIRE SERVICES/\n \n \n \n \n \n TORONTO\n \n ,\n \n April 7, 2021\n \n /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (\"\n \n Purepoint\n \n \" or the \"\n \n Company\n \n \") announced the closing of its brokered private placement (the \"\n \n Private Placement\n \n \") previously announced on\n \n \n March 17, 2021\n \n \n with Red Cloud Securities Inc. (\"\n \n \n Red Cloud\n \n \n \") pursuant to which\n \n Red Cloud\n \n acted as lead agent and sole bookrunner. In connection with the closing, the Company issued 20,404,095 flow-through units (\"\n \n FT Units\n \n \") at a price of\n \n $0.105\n \n per unit and 31,750,778 hard-dollar units (\n \n \"Units\"\n \n together with the FT Units are hereinafter referred to as the \"\n \n Offered Securities\n \n \") at a price of\n \n $0.09\n \n per unit for aggregate gross proceeds of\n \n $5,000,000\n \n .  Each Unit consists of one common share in the capital of the Company and one common share purchase warrant (each, a \"\n \n Warrant\n \n \").  Each FT Unit consists of one common share in the capital of the Company (each, a \"\n \n Flow-Through Share\"\n \n ) issued on a \"flow through\" basis pursuant to the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) and one half of one Warrant. Each Warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of\n \n $0.13\n \n 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.\n \n \n \n \n \n \n \n \n \n In connection with the closing of the Private Placement, the Company has paid\n \n Red Cloud\n \n and a member of the selling group cash commissions in the aggregate amount of\n \n $342,650\n \n , and issued to\n \n Red Cloud\n \n ...