TIDMPUR
RNS Number : 2592N
Pure Gold Mining Inc.
28 September 2021
Pure Gold Mining Inc. Closes Bought Deal Offering
for Gross Proceeds of C$23 Million
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
VANCOUVER, British Columbia, September 28, 2021 (GLOBE NEWSWIRE)
-- Pure Gold Mining Inc. (TSXV:PGM LSE:PUR) ("PureGold" or the
"Company") is pleased to announce that it has closed its previously
announced bought deal offering of 21,905,200 units of the Company
("Units") at a price of C$1.05 per Unit for gross proceeds to the
Company of C$23,000,460, which includes the full exercise of the
underwriters' over-allotment option for an additional 2,857,200
Units (the "Offering"). Each Unit is comprised of one common share
(each a "Common Share") and one-half Common Share purchase warrant
(each such full warrant, a "Warrant"). Each Warrant will entitle
the holder thereof to purchase one Common Share at a price of
C$1.36 until March 28, 2023.
The Offering was completed pursuant to an underwriting agreement
dated September 14, 2021 entered into among the Company and a
syndicate of underwriters led by National Bank Financial Inc ., and
including Clarus Securities Inc., Desjardins Securities Inc.,
Stifel Nicolaus Canada Inc., Haywood Securities Inc., PI Financial
Corp. and Sprott Capital Partners LP.
The Company intends to use the net proceeds raised from the
Offering to fund the continued ramp up of operations at its
100%-owned PureGold Mine Project located in Red Lake, Ontario,
underground drilling and development of the high-grade 8 zone, and
for general corporate purposes.
The Company filed a short form prospectus dated September 21,
2021 (the "Prospectus") in all the provinces of Canada, other than
Quebec , pursuant to National Instrument 44-101 - Short Form
Prospectus Distributions to qualify for distribution the Units
offered pursuant to the Offering. Copies of the Prospectus and
documents incorporated by reference therein are available
electronically on SEDAR (www.sedar.com) under PureGold's issuer
profile.
The securities offered have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any U.S. state securities
laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent
registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state
securities laws. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities in the
United States, nor will there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
ABOUT PURE GOLD MINING INC.
PureGold is a growth company, located in the very heart of Red
Lake, Canada. Our objective is pure and simple. To develop a
highly-profitable long life gold mining company, becoming Canada's
next iconic gold producer. Our plan is very disciplined, very
methodical and financially sound. To expand organically, and
develop PureGold's multi-million ounce high grade gold asset
incrementally, step-by-step, using a phased mining development plan
to deliver maximum return.
ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO
For further information:
Adrian O'Brien
Director, Marketing and Communications
604-809-6890
aobrien@puregoldmining.ca
Forward-Looking Information
This news release contains "forward-looking information" which
may include, but is not limited to, statements with respect to the
future financial or operating performance of the Company and its
projects, and the anticipated use of proceeds from the Offering.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements contained
herein are made as of the date of this press release and the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or results or otherwise. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. The Company undertakes no
obligation to update forward-looking statements if circumstances,
management's estimates or opinions should change, except as
required by securities legislation. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEADNPAFPFEFA
(END) Dow Jones Newswires
September 28, 2021 09:22 ET (13:22 GMT)
Pure Gold Mining (LSE:PUR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Pure Gold Mining (LSE:PUR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024