Pure Gold Mining Inc. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement, previously announced on May 6, 2022. The closing of the First Tranche was announced on May 25, 2022. The Company is also pleased to announce it has closed the securities for debt agreements, previously announced on May [...]
Pure Gold Mining is pleased to announce that it has closed a first tranche of its non-brokered private placement announced on May 6, 2022. The second of two tranches is expected to close on or about May 27, 2022. Between both the First Tranche and Second Tranche, the Company expects to close on aggregate gross proceeds of approximately C$31 [...]
Pure Gold Mining is pleased to announce it will enter into securities for debt settlement agreements with certain service contractors of the Company pursuant to which it will issue 20,922,914 units of the Company at a price of $0.15 per Unit to the Creditors in order to settle outstanding debts totaling $3,138,437. Each Unit is to be comprised of [...]
Pure Gold Mining is pleased to announce the previously announced non-brokered private placement of units of the Company is expected to close on or about Wednesday, May 25th, 2022 in one or more tranches. The Company has received its minimum allocation of Units for aggregate gross proceeds of $30 million under the Offering. PureGold is a Canadian [...]
Pure Gold Mining reports its first quarter 2022 summary financial and operating results. The Company’s interim financial statements and related management’s discussion and analysis for the three months ended March 31, 2022, will be available for download on SEDAR and on the Company’s website. A summary of the highlights for the three months ended [...]
Pure Gold Mining is pleased to announce that its lending partner, Sprott Private Resource Lending II, has agreed to extend the period wherein it will waive any existing defaults under its Credit Agreement, Stream Purchase Agreement, and Production Payment Agreement with the Company from May 15, 2022 to May 23, 2022. The details of the Waiver Period [...]
Pure Gold Mining is pleased to announce a non-brokered private placement of 200,000,000 units of the Company at a price of C$0.15 per Unit for aggregate gross proceeds of C$30 million. The Company may elect to upsize the Offering to up to a maximum of 266,666,666 Units for aggregate gross proceeds of up to C$40 million based on demand. Each Unit [...]
US$6 million additional liquidity and waiver from Sprott Resource Lending Operational turnaround underway; positive site-level cash flow expected by Q3 2022 60,000 metres of definition drilling underpins active six-month mine plan Mark O'Dea assumes the role of Interim President & CEO On track to publish updated Life of Mine plan in Q4 2022. [...]
Pure Gold Mining Inc. today announces that the Company has learned of notice of civil claim naming PureGold and certain other parties as defendants in the British Columbia Supreme Court alleging failures to disclose certain information relating to its operations at its mine in Red Lake, Ontario under Canadian securities laws . In the Action, the [...]
Pure Gold Mining Inc. , reports its fourth quarter and full year 2021 summary financial and operating results. The Company's audited financial statements and related management's discussion and analysis for the year ended December 31, 2021, will be available for download on SEDAR and on the Company's website. All amounts are expressed in Canadian [...]
Pure Gold Mining Inc. , is pleased to provide an operations update from the Company's PureGold Mine in Red Lake, Ontario and to provide an updated corporate outlook for 2022. Revitalized Operational Leadership Team Significant changes have been made to PureGold's executive management team to date in 2022, reflecting the Company's commitment to [...]
Pure Gold Mining Inc. , announces that the board of directors of the Company has approved the grant of an aggregate of 830,000 incentive stock options and 939,100 Restricted Share Units to certain employees pursuant to its Stock Option and RSU Plans. The stock options have an exercise price of $0.75 and have vesting periods over three years and [...]