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10% holder buying at Pure Gold Mining (V:PGM)

Updated Tuesday May 31, 2022 03:43 AM EDT

AngloGold Ashanti International Exploration Holdings Limited, a 10% Holder, acquired 22,168,000 Common Shares at a price of $0.15 and 22,168,000 Warrants exercisable at $0.18 on a direct ownership basis through a private transaction on May 27th, 2022. This represents a $3,325,200 investment into the company's shares and an account share holdings change of 22.6%.

Pure Gold Mining Inc. is a Canada-based gold growth company. The Company is engaged in the business of the acquisition, exploration and development of gold and other precious and base metal properties in Canada. The Company's principal mineral property is the PureGold Mine Project (PureGold Mine) located near Red Lake, Ontario. Its PureGold Mine property consists of approximately 251 mining leases, mining patents and unpatented mining claims owned or controlled 100% by the Company, covering an area in excess of 4,600 hectares in the Red Lake gold camp of Northwestern Ontario. The Company has acquired a 100% interest in the Newman-Madsen Property. The Newman-Madsen Property is considered a part of the PureGold Mine. It has also acquired a 100% interest in the Derlak Gold Property. The Derlak Gold Property consists of approximately 11 claims, which are subject to a royalty arrangement based on a net smelter return (NSR) of 3%.

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Go to Pure Gold Mining Inc. (PGM)'s company page

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