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IN BRIEF: Pure Gold Mining closes deal offering, raises CAD23 million

28th Sep 2021 18:05

Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Closes bought deal offering of 21.9 million shares at CAD1.05 each, providing gross proceeds of CAD23.0 million, or around GBP13.4 million, to the company.

Proceeds will go towards the continued ramp up of operations at its PureGold mine project located in Red Lake, Ontario, underground drilling and development of the high-grade 8 zone and for general corporate purposes.

Current stock price: 49.00 pence

Year-to-date change: down 67%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


Related Shares:

PUR.L
FTSE 100 Latest
Value8,809.74
Change53.53