Purepoint Announces Amendment of Omnibus Equity Incentive Compensation Plan
Purepoint Announces Amendment of Omnibus
Equity Incentive Compensation Plan
Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Purepoint Uranium Group Inc. (TSXV: PTU)
(OTCQB: PTUUF) (the "
Company
") announced that its proposed amendment to its Omnibus Equity
Incentive Compensation Plan (the "
Omnibus
Plan
") was approved by the Company's shareholders at
its annual and special meeting of shareholders held on May 28, 2025.
The amendment increased the
number of common shares of the Company reserved for grant of restricted share units ("
RSUs
") and
performance share units ("
PSUs
") under the Omnibus Plan from 3,688,894 to 6,426,776, representing
10% of the issued and outstanding shares of the Company as of today.
The amended Omnibus Plan
includes a 10% "rolling" option plan and a fixed plan permitting 6,426,776 common shares of the
Company to be reserved for grant of RSUs and PSUs.
Please refer to the Company's management
information circular dated April 16, 2025, which is available under the Company's profile at
www.sedarplus.ca
for a copy and a summary of the amended Omnibus Plan.
About Purepoint
Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic
portfolio of advanced projects within the renowned Athabasca Basin in Canada. The most prospective
projects are actively operated on behalf of partnerships with industry leaders including Cameco
Corporation, Orano Canada Inc. and IsoEnergy Ltd.
Additionally, the Company holds a promising volcanogenic massive sulphide (VMS) project currently
optioned to Foran Mining Corporation that is geologically on trend with its McIlvenna Bay project.
Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading
explorer in one of the globe's most significant uranium districts.
For more information, please contact:
Chris Frostad, President & CEO
Phone: (416) 603-8368
Email:
For additional information please visit our new website at
https://purepoint.ca
, our Twitter feed:
@PurepointU3O8
or our LinkedIn page
@Purepoint-Uranium
.
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release.
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