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Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to announce financial results and operating highlights for the three and six months ended September 30, 2017, as well as an update on activities at the Company’s 100% owned Madsen Gold Project (“Madsen”). All financial figures are in Canadian dollars, unless otherwise stated. …
Pure Gold Mining Inc. (TSX-V:PGM) (“Pure Gold” or the “Company”) is pleased to announce financial results and operating highlights for the three and six months ended September 30, 2017, as well as an update on activities at the Company’s 100% owned Madsen Gold Project (“Madsen”). All financial figures are in Canadian dollars, unless otherwise stated.
As quoted in the press release:
Operating Highlights through and subsequent to September 30, 2017:
The second quarter of fiscal 2018 and to date saw the Company complete a number of key milestones. Highlights for the quarter and subsequent period to date are as follows:
On November 1, 2017, Pure Gold closed a bought deal private placement for aggregate gross proceeds of C$19.2 million upon the issuance of an aggregate of 31,613,292 common shares of the Company. The offering consisted of three tranches. The first tranche consisted of 8,690,000 common shares of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (“Super FT Shares”) and were issued at a price of C$0.725 per Super FT Share. The second tranche consisted of 8,061,125 common shares of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (“FT Shares”) and were issued at a price of C$0.64 per FT Share. The third tranche consisted of 14,862,167 common shares of the Company (“Common Shares”) and were issued at a price of C$0.52 per Common Share.
