18th Oct 2021 19:47
Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Issues 3.3 million units at CAD1.05 each, about USD0.83, to raise CAD3.5 million on a non-brokered basis to Johannesburg-listed Anglogold Ashanti Ltd. Each unit holds one share and a half-share warrant, allowing Anglogold to buy one more share, per warrant, at CAD1.36 each at any point in the next 18 months. Company intends to use the net proceeds raised from the transaction to fund the continued ramp up of operations at its 100%-owned project in Red Lake, Ontario.
Current stock price: 56.20 pence, down 3.1%
Year-to-date change: down 62%
By Dayo Laniyan; [email protected]
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