Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Metals & Mining Industrial Metals & Minerals

Purepoint Uranium Group Inc. is a resource company engaged in the acquisition, exploration and development of properties for the purpose of producing uranium. Its flagship project is the Hook Lake joint venture with Cameco and Orano, and the Smart Lake joint venture solely with Cameco. Together with its flagship projects, the Company operates nine advanced projects within the Athabasca Basin in Canada. Its projects include Hook Lake Project, Smart Lake Project, Red Willow Project, Turnor Lake Project, Henday Project, Carson Lake Project, Russell South Project, Tabbernor Block, and Tower Project. The Company also holds the VHMS project, which is optioned to and strategically positioned adjacent to and on trend with Foran Corporation's Mcllvena Bay Project. The Hook Lake Project is located approximately 75 km south-southwest of Orano Canada Inc. The Smart Lake property includes two claims with a total area of 9,860 hectares situated in the southwestern portion of the Athabasca Basin.

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Purepoint Uranium Group Inc

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Comment by snappydayon Nov 07, 2014 12:10pm

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Post# 23107028

RE:Rights offering

Doesn't the money raised by via the rights offering go directly to help fund PTU's efforts to be successful which is in the shareholder's (ie: my) interest? If I buy shares @ .04 on the open market am I not just buying someone else's shares and PTU itself does not benefit?

I'm rooting for PTU and if throwing in a few more bucks helps than that's a pretty good incentive. No?

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