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Purepoint Uranium Group Inc.

09:42 AM EST - Purepoint Uranium Group Inc. : Announced the closing of its non-brokered private placement previously announced on December 12. The Private Placement was oversubscribed for aggregate gross proceeds of $877,930. In connection with the Private Placement, the Company issued 9,754,778 flow-through units a price of $0.09 per unit. Purepoint Uranium Group Inc. shares V.PTU are trading unchanged at $0.07.