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

ISIN : CA7462341032
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In the News and Medias of Purepoint Uranium Group Inc.
11/7/2006Who is leading the race for the next uranium super deposit ?
Annual reports of Purepoint Uranium Group Inc.
2008 Annual report
2007 Annual Report
2006 Annual report
Financings of Purepoint Uranium Group Inc.
3/11/2013Completes Fully-Subscribed Rights Offering
2/26/2013Rights Offering
1/10/2013Announces Rights Offering
12/10/2012Closes $410,020 Non-Brokered Private Placement
3/21/2007Uranium Group Inc. Closes Second and Final Tranche of Privat...
Option Grants of Purepoint Uranium Group Inc.
8/27/2007Employee Stock Options Issued to Technical Staff
Nominations of Purepoint Uranium Group Inc.
11/7/2007 Appoints Martin Schady to the Board of Directors
10/31/2006Appoints Chief Geophysicist, Roger Watson
Project news of Purepoint Uranium Group Inc.
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
1/13/2011(Forsythe Lake)Purepoint Stakes Forsythe Lake Property in Athabasca Basin
1/11/2011(Smart Lake)Signs Athabasca Basin Joint Venture With Cameco
11/25/2010(South Newnham)Inc: Completes Airborne Survey at Umfreville North and South...
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...
1/21/2010(Red Willow)Drilling Commences on Osprey Conductor at Red Willow Project
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
12/6/2007 Red Willow structure proves a close match to Eagle Point
12/4/2007 Discovers wide radioactive structure at Red Willow
11/7/2007(Hook Lake) Drilling Commences at Hook Lake Project
10/12/2007drilling Red Willow uranium project
9/13/2007(Fire Eye)Options its Fire Eye and William River Projects
9/13/2007Purepoint Options its Fire Eye and William River Projects
6/26/2007(Fire Eye)Updates Fire Eye Project
Corporate news of Purepoint Uranium Group Inc.
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
6/15/2011Initiates Field Program Utilizing CAMIRO Technology
5/11/2011(Turnor Lake)Develops 3D Model for Turnor Lake
7/7/2010Athabasca Basin Exploration Update
6/8/2010New Targets Defined on Henday Block by VTEM Airborne Survey
12/7/2009Red Willow Drill Program
11/4/2009CEO to Speak at India Nuclear Summit
10/20/2009Northern Prospector Highlights India and Canada?s Nuclear Re...
9/29/2009Project Status and Exploration Plans
5/15/2009 Announces Adoption of Shareholder Rights Plan
1/22/2009New Claims Staked Near Midwest and Roughrider
1/13/2009Northern Prospector Reports on 2009 Uranium Prospects
12/9/20082008 Corporate Update
4/2/2008 Begins Winter Drill Program at Turnor Lake
11/22/2007 RYM Option Expires
7/10/2007Extensive Drill Phase Commences at Red Willow
4/26/2007Annual Financial Statements, 2006
2/23/2007Announces Closing of Secondary Offering
1/29/2007Loewen, Ondaatje, McCutcheon Limited Issue Initiating Report
1/16/2007Dale Huffman Joins Management Team
1/26/2007Announces Athabasca Basin Joint Venture With Cameco Corporat...
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