Purepoint Uranium Group Inc. Employee Stock Options Issued to Technical Staff
May 30 2008 - 12:50PM
Marketwired
TORONTO, ONTARIO has approved the issuance of a total of 200,000
options to certain of its senior technical staff pursuant to its
stock option plan. The options are exercisable at a price of $0.32,
are subject to agreed vesting schedules and expire in five
years.
Under Purepoint's stock option plan there are at present
7,330,803 common shares reserved for issuance, of which only
2,831,000 shares are subject to outstanding option grants.
About Purepoint
Purepoint Uranium Group Inc. is focused on the precision
exploration of 37 defined target areas on nine 100% owned projects
in the Canadian Athabasca Basin and eight target areas hosted
within two Basin projects joint ventured with Cameco Corporation
and AREVA Resources Canada Inc. Established in the Basin well
before the resurgence in uranium, Purepoint is actively advancing
this large portfolio of multiple drill targets in the world's
richest uranium region.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Purepoint Uranium Group Inc. Chris Frostad President
and CEO (416) 603-8368 Website: www.purepoint.ca
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