IN BRIEF: Pure Gold Mining increases financing deal to CAD15 million

Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Agrees with Clarus Securities Inc, as ...

Alliance News 9 April, 2021 | 10:01PM
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Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Agrees with Clarus Securities Inc, as lead underwriter, to increase the size of it's CAD10.0 million - about GBP5.8 million - "bought deal" offering. Pursuant to the upsized deal terms, the underwriters have agreed to purchase 9.9 million shares for CAD15.0 million. The shares will be priced at USD1.52 each. The company has also granted to the underwriters an over-allotment option to purchase an additional 1.5 million shares during the 30 days following the closing of the offering. In the event the over-allotment option is exercised in full, the proceeds of the offering will be CAD17.3 million.

Current stock price: 80.20 pence, down 6.2% on Friday

Year-to-date change: down 47%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pure Gold Mining Inc 88.75 GBX -0.28 -
Pure Gold Mining Inc 1.51 CAD 1.34 -

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