IN BRIEF: Pure Gold issues CAD3.5 million in shares to AngloGold

Pure Gold Mining Inc - Vancouver, Canada-based gold miner - Issues 3.3 million units at CAD1.05 ...

Alliance News 18 October, 2021 | 7:47PM
Email Form Facebook Twitter LinkedIn RSS

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; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pure Gold Mining Inc 44.50 -
Anglogold Ashanti Ltd 345.09 -
Pure Gold Mining Inc 0.75 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.