- Pure Gold Mining (PGM) will issue 3,307,619 units to Anglogold for gross proceeds of approximately $3,473,000
- Each unit, priced at $1.05 includes one common share and one-half common share purchase warrant
- The transaction is expected to close on or about October 15, 2021
- Net proceeds from the offering will be used to fund the continued ramp-up of operations at the PureGold Mine Project
- Pure Gold Mining Inc is a Canadian-based mining company
- Pure Gold Mining Inc. (PGM) opened trading at C$0.87 per share
Pure Gold Mining (PGM) has agreed to issue 3,307,619 units to Anglogold for gross proceeds of approximately $3,473,000.
Each unit, priced at $1.05 includes one common share and one-half common share purchase warrant. Each whole purchase warrant will entitle Anglogold to purchase one share at a price of $1.36 for 18 months from the closing of the offering.
The transaction is expected to close on or about October 15, 2021, and is subject to the approval of the TSX Venture Exchange and SARB approval.
Net proceeds from the offering will be used to fund the continued ramp-up of operations at the PureGold Mine Project and for general corporate purposes.
Pure Gold Mining Inc is a Canadian-based mining company engaged in the exploration and development of gold and other precious and base metal properties.
Pure Gold Mining Inc. (PGM) opened trading at C$0.87 per share.
