Purepoint Uranium Group Inc. Closes Private Placement With Foran Mining Corporation
Purepoint Uranium Group Inc. Closes Private Placement With Foran Mining Corporation
Toronto, Ontario--(Newsfile Corp. - December 4, 2023) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the closing of its previously announced non-brokered private placement (the "Private Placement") of common share units (each, a "Unit") to Foran Mining Corporation (TSX: FOM) ("Foran"). In connection with the closing, the Company issued 7,000,000 Units at a price of $0.05 per unit for aggregate gross proceeds of $350,000. Each Unit is comprised of one common share of Purepoint and one common share purchase warrant exercisable at a price of $0.07 per share for a term of two years from the date of issue. The net proceeds of the Private Placement will be used by Purepoint for general working capital purposes. All securities issued in connection with the closing of the Private Placement are subject to a four-month hold period pursuant to the applicable securities laws with an expiry date of April 5, 2024.
安大略省多倫多--（Newsfile Corp.，2023 年 12 月 4 日）-Purepoint 鈾業集團公司（多倫多證券交易所：PTU）（OTCQB：PTUUF）（”Purepoint“或者”公司“) 很高興地宣佈，其先前宣佈的非經紀私募配售（即”私募配售“) 普通股份單位（每個，a”單元“) 轉至福蘭礦業公司（多倫多證券交易所股票代碼：FOM）（”Foran“)。與收盤有關，該公司以每單位0.05美元的價格發行了7,000,000套單位，總收益爲35萬美元。每個單位由一股Purepoint普通股和一份普通股購買權證組成，自發行之日起，可按每股0.07美元的價格行使，期限爲兩年。私募的淨收益將由Purepoint用於一般營運資金用途。根據適用的證券法，與私募配售的結束有關的所有證券均有四個月的持有期，到期日爲2024年4月5日。
The closing of the Private Placement is a condition precedent to the effectiveness of the option agreement between Purepoint and a wholly-owned subsidiary of Foran (the "Option Agreement") previously announced by Purepoint in its press release dated November 20, 2023 pursuant to which Purepoint granted options to Foran to acquire up to 100% interest in Purepoint's Denare West Project located in east-central Saskatchewan. Purepoint has received conditional approval of the Private Placement and the Option Agreement from the TSX Venture Exchange (the "Exchange"). The Option Agreement shall become effective immediately upon receipt of the final approval of the Private Placement and the Option Agreement from the Exchange.
私募的完成是Purepoint與Foran的全資子公司之間期權協議生效的先決條件（“期權協議“）Purepoint此前在其2023年11月20日的新聞稿中宣佈，根據該新聞稿，Purepoint向Foran授予了收購位於薩斯喀徹溫省中東部的Purepoint德納雷西部項目高達100％的權益的期權。Purepoint已獲得多倫多證券交易所風險投資交易所對私募和期權協議的有條件批准（交換“)。期權協議將在收到交易所對私募和期權協議的最終批准後立即生效。
About Purepoint
關於 Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) actively operates a uranium exploration pipeline of nine advanced projects in Canada's Athabasca Basin. In addition to its flagship joint venture project at Hook Lake with partners Cameco and Orano and a second joint venture with Cameco at Smart Lake, Purepoint also holds seven 100% owned projects with proven uranium rich targets. With an aggressive exploration program underway on multiple projects, Purepoint is emerging as the preeminent uranium explorer in the world's richest uranium district.
Purepoint Uranium Group Inc.（多倫多證券交易所股票代碼：PTUU）（OTCQB：PTUUF）在加拿大阿薩巴斯卡盆地積極運營由九個先進項目組成的鈾勘探管道。除了與合作伙伴Cameco和Orano在胡克湖的旗艦合資項目以及與Cameco在Smart Lake的第二家合資項目外，Purepoint還擁有七個經過證實的富鈾目標的100％持股項目。隨着多個項目的積極勘探計劃正在進行中，Purepoint正在成爲世界上最富有的鈾礦區的卓越鈾勘探商。
About Foran Mining
關於 Foran Mining
Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future, empowering communities and creating circular economies which create value for all its stakeholders, while also safeguarding the environment. Foran Mining's McIlvenna Bay Project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation. Foran Mining also owns the Bigstone Project, a resource-development stage deposit located 25km southwest of the McIlvenna Bay project.
Foran Mining是一家銅鋅金銀勘探和開發公司，致力於支持更綠色的未來，賦予社區權力，創造循環經濟，爲所有利益相關者創造價值，同時保護環境。福蘭礦業的麥克爾文納灣項目完全位於有記錄的彼得·巴蘭坦克里民族的傳統領土內。Foran Mining還擁有Bigstone項目，這是一個處於資源開發階段的礦牀，位於麥克爾文納灣項目西南25公里處。
McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay sits just 65km West of Flin Flon, Manitoba and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba, through Flin Flon to Foran Mining's ground in eastern Saskatchewan, a distance of over 225km.
McIlvenna Bay是一個富含銅鋅金銀的VHMS礦牀，旨在成爲一個新採礦營地的中心，該礦區位於一個已經生產了100年的多產地區。麥克爾文納灣位於曼尼托巴省弗林弗隆以西僅65公里處，是世界一流的弗林弗隆綠石帶的一部分，該地帶從曼尼托巴省的斯諾湖一直延伸到弗林弗隆，一直延伸到薩斯喀徹溫省東部的福蘭礦業的地面，距離超過225公里。
McIlvenna Bay is the largest undeveloped VHMS deposit in the region. Foran Mining announced the results from its feasibility study on February 28, 2022, outlining that current mineral reserves would potentially support an 18-year mine life producing an average of 65 million pounds of copper equivalent annually. Foran Mining filed a NI 43-101 Technical Report for the McIlvenna Bay Feasibility Study on April 14, 2022 and a NI 43-101 Technical Report for the Bigstone Deposit resource estimate on February 11, 2022. Investors are encouraged to consult the full text of these technical reports which may be found under Foran's profile on .
麥克爾文納灣是該地區最大的未開發的VHMS礦牀。Foran Mining於2022年2月28日公佈了其可行性研究的結果，概述了目前的礦產儲量有可能支持18年的礦山壽命，平均每年生產6500萬磅的銅當量。福蘭礦業於2022年4月14日提交了麥克爾文納灣可行性研究的NI 43-101技術報告，並於2022年2月11日提交了Bigstone礦牀資源估算的NI 43-101技術報告。鼓勵投資者查閱這些技術報告的全文，這些報告可在Foran的個人資料下找到。
For more information, please contact:
欲了解更多信息，請聯繫：
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email: cfrostad@purepoint.ca
克里斯·弗羅斯塔德，總裁兼首席執行官
電話：(416) 603-8368
電子郵件：cfrostad@purepoint.ca
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