- Pure Gold Mining (PGM) has entered a bought-deal agreement with National Bank Financial worth C$20,000,400
- The company will use the proceeds to ramp up operations at its PureGold Mine Project and for underground drilling and development of the high-grade 8 Zone
- The offering is expected to close on September 28, 2021
- Pure Gold is a gold miner and production company with operations in Ontario
- Pure Gold Mining (PGM) is down by 12.17 per cent and is currently trading at $1.01 per share
Pure Gold Mining (PGM) has entered a bought-deal agreement with National Bank Financial worth C$20,000,400.
The company will sell 19,048,000 units at $1.05 per unit.
Each unit is comprised of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one common share for $1.36 for 18 months following the closing of the offering.
The over-allotment option may raise additional gross proceeds of up to $3,000,060 and shall be exercisable for 30 days from and including the closing date.
The offering is expected to close on September 28, 2021.
Pure Gold will use the proceeds to ramp up operations at its PureGold Mine Project in Red Lake, Ontario, for underground drilling and development of the high-grade 8 Zone, and for general corporate purposes.
Pure Gold is a gold miner and production company with operations in Ontario.
Pure Gold Mining (PGM) is down by 12.17 per cent and is currently trading at $1.01 per share as of 10:54 am ET.