August 30 2006 – Purepoint Uranium Group Inc. (TSX-V:PTU) has now released its second quarter financial statements for the six months ended June 30, 2006.
Highlights:
- Cash available for exploration at June 30, 2006 – $2,455,000
- Common shares outstanding at June 30, 2006 – 50,005,756
- Fully diluted common shares outstanding at June 30, 2006 – 60,055,556
Purepoint incurred $2,985,000 in exploration expenditures on its properties during the first half of the year. Following on last winter’s exceptional results at their Turnor Lake project, the company proceeded with a summer drill program scheduled for completion in September 2006.
“In addition to our progress at Turnor Lake, we have recently completed airborne surveys at Purepoint’s William River and Fire Eye projects as well as extensive boulder sampling at Red Willow,” said Chris Frostad, President & CEO, Purepoint Uranium Group Inc. “We are very pleased with the progress on all of our properties and look forward to providing future updates as the results of this work become available.”
Purepoint’s second quarter 2006 financial statements can be viewed on Sedar or at http://www.purepoint.ca/investors/financials.php.
The company also wishes to announce the resignation of David Carbonaro from the Board of Directors. David was a key architect of Purepoint’s public listing on the Toronto Venture Exchange and we wish to thank him for his assistance and contribution.
Purepoint Uranium Group Inc. is a uranium focused exploration company with 100 percent ownership of over 250,000 hectares in the Canadian Athabasca Basin. Established in the Basin before the resurgence in uranium, Purepoint is now actively advancing seven key properties of historic significance.
