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Purepoint Uranium Group Inc. Rights Offering
Published : February 26, 2013
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Keywords :   Market | Uranium |

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2013) -


Purepoint Uranium Group Inc. ("Purepoint" or the "Company") (News - Market indicators) is today reminding holders of the company's common shares that rights granted under its previously announced rights offering (the "Rights Offering") will be expiring March 4, 2013 ("Rights Expiry Date"). Further, orders to exercise these rights should be placed on or before February 28, 2013 in order to ensure that they are cleared prior to expiry.

Shareholders of record on January 30, 2013 received one right (a "Right") for each Common Share held. Ten (10) Rights plus the sum of $0.07 entitles the holder to subscribe for one unit of the Company (a "Unit"). Each Unit is comprised of one Common Share and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase an additional Common Share at a price of $0.10 per Common Share at any time until 5:00 p.m. (Toronto time) on March 4, 2015 (the "Warrant Expiry Date"). Rights are evidenced by transferable rights certificates (each, a "Rights Certificate"). The Rights expire at 5:00 p.m. (Toronto time) on the rights Expiry Date after which time unexercised Rights will be void and of no value.

The Rights have been posted for trading on the TSX-V and trading under the symbol "PTU.RT". Trading of the Rights are expected to continue until 12:00 noon (Toronto time) on the Rights Expiry Date.

A Rights Offering circular, together with Rights Certificates, was mailed to eligible shareholders shortly after the Record Date. Registered shareholders wishing to exercise their Rights must forward the completed Rights Certificates, along with the applicable funds to Equity Financial Trust Company by the Rights Expiry Date. Shareholders who own their shares through an intermediary, such as a bank, trust company, securities dealer or broker, will have received materials and instructions from their intermediary.

No U.S. Registration

The securities offered will not be or have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. person (as defined in Regulation S of the Securities Act) or person in the United States, unless an exemption from such registration requirements is available. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.

About Purepoint

Purepoint Uranium Group Inc. is focused on the precision exploration of its eleven projects in the Canadian Athabasca Basin. Purepoint proudly maintains project ventures in the Basin with the three largest uranium producers in the world, Cameco Corporation, AREVA and Rio Tinto. Established in the Athabasca Basin well before the initial resurgence in uranium earlier last decade, Purepoint is actively advancing a large portfolio of multiple drill targets in the world's richest uranium region.

Forward-Looking Statements

This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein. Investors should consult the Company's Rights Offering Circular for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements.

Purepoint Uranium Group Inc.
Chris Frostad
President & CEO
416 603 8638
Companies Mentionned : Athabasca | Cameco | Purepoint Uranium | Rio Tinto |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Purepoint Uranium Group Inc.

ISIN : CA7462341032
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Purepoint Uranium is an exploration uranium company based in Canada.

Purepoint Uranium holds various exploration projects in Canada.


Purepoint Uranium is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 20.2 millions as of today (US$ 15.6 millions, € 13.9 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.30, and its lowest recent point on December 11, 2015 at CA$ 0.02.

Purepoint Uranium has 183 647 657 shares outstanding.

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In the News and Medias of Purepoint Uranium Group Inc.
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2007 Annual Report
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1/13/2015(Hook Lake)Initiates Winter Drill Program at Hook Lake JV Project, Atha...
11/6/2012(Smart Lake)Files NI 43-101 Compliant Technical Report for Smart Lake
4/14/2011(Red Willow)Provides Update on Red Willow Project
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1/11/2011(Smart Lake)Signs Athabasca Basin Joint Venture With Cameco
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11/25/2010(Umfreville)Inc: Completes Airborne Survey at Umfreville North and South...
6/15/2010(Turnor Lake)Turnor Lake Update
4/7/2010(Red Willow)Completes Drill Program on Osprey Conductor at Red Willow Pr...
11/4/2008(Smart Lake)Inc: Drill Results at Smart Lake Prompt Extension of Program
10/8/2008(Smart Lake)Drilling Begins at Smart Lake Project
9/25/2008(Red Willow)Radon Lake Exploration Update
4/22/2008(Athabasca Basin - Canalaska) Hits 3.03% U3O8 at Osprey Zone on Red Willow
4/15/2008(Athabasca Basin - Canalaska)Defines 45 High-Potential Targets on its 11 Athabasca Basin ...
1/24/2008Begins Winter Drill Program at Turnor Lake
1/22/2008 Resumes drilling at Red Willow
1/9/2008Stakes Property Adjacent to Red Willow Discovery
Corporate news of Purepoint Uranium Group Inc.
5/25/2016Purepoint Uranium Group Inc. Hook Lake JV Partners Budget fo...
5/6/2016Purepoint Uranium Group Inc Closes Final Tranche of $2 Milli...
4/29/2016Purepoint Uranium Group Inc. Closes Second Tranche of Privat...
4/21/2016Purepoint Uranium Hits 1.3 Metres of 53.5% U3O8 Within 10.0 ...
3/17/2016Purepoint Uranium Group Inc. Provides Updated Section for Sp...
3/16/2016Purepoint Uranium Group Inc. Continues to Expand Spitfire Zo...
2/26/2016Purepoint Uranium Group Inc. Drills 31.2 Metres of 1.7% eU3O...
2/2/2016IIROC Trading Resumption - PTU
2/2/2016Purepoint Uranium Group Inc. Extends the Spitfire Zone with ...
2/2/2016IIROC Trading Halt - PTU
1/21/2016Purepoint Uranium Group Inc. Initiates 2016 Winter Drill Pro...
12/31/2015Purepoint Uranium Group Inc. Closes Non-Brokered Private Pla...
12/17/2015Purepoint Uranium Group Announces Non-Brokered Private Place...
11/17/2015Purepoint Uranium Group Inc. Hook Lake JV Partners Approve L...
9/23/2015Purepoint Uranium Group Inc. Completes Three Technical Repor...
9/17/2015Purepoint Uranium Group Inc. Completes Technical Report for ...
9/9/2015Purepoint Uranium Group Inc. Announces Plans for Hook Lake J...
4/27/2015Purepoint Uranium Group Inc. Appoints Borys Chabursky to the...
4/15/2015Purepoint Uranium Group Inc. Expands High-Grade Uranium Disc...
3/31/2015IIROC Trading Resumption - PTU
3/31/2015Hits 12.90% U3O8 Over 0.4 Metres Within 2.23% U3O8 Over 2.8 ...
3/31/2015Purepoint Uranium Group Inc. Hits 12.90% U3O8 Over 0.4 Metre...
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1/13/2015Purepoint Uranium Group Inc. Initiates Winter Drill Program ...
11/11/2014Purepoint Uranium Group Inc. Confirms Plans for Next Drillin...
9/24/2014Purepoint Uranium Group Inc. Initiates Geophysical Surveys f...
7/18/2014Purepoint Uranium Group Inc. Reports Results for Ten-hole Dr...
5/28/2014Purepoint Uranium Group Inc. Reports Results for Winter Dril...
4/15/2014Purepoint Uranium Group Announces Change of Transfer Agent, ...
10/29/2013(Red Willow)Announces Winter Drill Program at Red Willow Option
10/8/2013(Hook Lake)Announces Hook Lake Winter Program
6/20/2013(Hook Lake)Releases Hook Lake Winter Program Results
4/25/2013Employee Stock Options Issued
4/4/2013Completes Winter Exploration Program on Patterson Lake Corri...
1/31/2013(Hook Lake)Commences Drill Program at Hook Lake
11/27/2012(Hook Lake)Files NI 43-101 Compliant Technical Report for Hook Lake
10/15/2012Employee Stock Options Amended
10/2/2012(Turnor Lake)Releases Geophysical Survey Results from Turnor Lake
9/25/2012(Hook Lake)and Partners Acquire Additional Claims and Plan Drill Progra...
9/20/2012(Red Willow)Completes Airborne Electromagnetic Survey at Red Willow Nort...
9/14/2012(Smart Lake)Reports on Smart Lake Drilling
5/11/2011(Turnor Lake)Develops 3D Model for Turnor Lake
11/4/2009CEO to Speak at India Nuclear Summit
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1/22/2009New Claims Staked Near Midwest and Roughrider
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12/9/20082008 Corporate Update
4/2/2008 Begins Winter Drill Program at Turnor Lake
4/26/2007Annual Financial Statements, 2006
2/23/2007Announces Closing of Secondary Offering
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1/16/2007Dale Huffman Joins Management Team
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