Purepoint Uranium Group Inc.

09:57 AM EST - Purepoint Uranium Group Inc. : Announced a non-brokered private placement of up to 9,230,770 flow-through units at a price of $0.065 per unit for aggregate gross proceeds up to $600,000.00. Each Flow-Through Unit consists of one common share in the capital of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) and one common share purchase warrant. Each warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.08 per share for a period of 24 months from the date of issuance. Purepoint Uranium Group Inc. shares V.PTU are trading up $0.005 at $0.06.