20th May 2022 11:20
Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - Expects to close its non-brokered private placement of 200.0 million units at a price of CAD0.15 per unit on or about Wednesday next week. Has received the minimum allocation of units for total gross proceeds of CAD30 million, or GBP18.9 million, under the offering.
On Monday last week, Pure Gold announced its plans to raise CAD30 million through the private placement. The proceeds are intended for the ramp-up of its PureGold mine in Ontario, Canada to 800 tonnes per day of ore by the third quarter of 2022.
Current stock price: 11.20 pence, up 9.3% on Friday
12-month change: down 88%
By Abby Amoakuh; [email protected]
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