Pure Gold Mining Inc. Announces Non-Brokered Financing of C$3.45 Million
VANCOUVER, British Columbia, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSXV:PGM LSE:PUR) (“PureGold” or the “Company”) is pleased to announce the Company has agreed to issue 3,307,619 units of the Company (the “Units”) at a price of C$1.05 per Unit (the “Transaction”) for gross proceeds of approximately C$3,473,000 on a non-brokered basis to Anglogold Ashanti Limited (“Anglogold”). Each Unit is comprised of one common share (each a “Common Share”) and one-half Common Share purchase warrant (each such full warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$1.36 for 18 months from the closing of the Transaction.
- Each Unit is comprised of one common share (each a Common Share) and one-half Common Share purchase warrant (each such full warrant, a Warrant).
- ABOUT PURE GOLD MINING INC.
PureGold is a growth company, located in the very heart of Red Lake, Canada. - To develop a highly-profitable long life gold mining company, becoming Canadas next iconic gold producer.
- To expand organically, and develop PureGolds multi-million ounce high grade gold asset incrementally, step-by-step, using a phased mining development plan to deliver maximum return.