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Pure Gold Raises $1.0 Million Through Exercise of Options by Directors and Senior Management

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Pure Gold Raises $1.0 Million Through Exercise of Options by Directors and Senior Management

 

 

 

 

 

Pure Gold Mining Inc. (TSX-V:PGM) is pleased to announce that the Board and Senior Management have exercised 2,910,000 options that were granted April 8 and May 14, 2014 raising $1,014,000. Over the past 60 days Directors and Senior Management of the Company have acquired and held 3,094,500 shares through option exercises and acquisitions in the public market.

 

Following these transactions, the Board and Senior Management currently own 12,018,243 shares or approximately 4.5% of the issued share capital of the Company.  The recent acquisition of shares is a strong testament to the positive fundamentals of the Madsen Red Lake Gold Project and alignment of the Board and management with all shareholders.

 

ABOUT PURE GOLD

 

Pure Gold is a TSX.V listed Canadian focused gold developer.  A recent feasibility study released by the Company outlines a long life high margin mine, with low initial capital requirements and a fast timeline to production. In addition, specific exploration targets and satellite resources not considered in the feasibility study suggest an opportunity for near-term growth to potentially further enhance the economics of the project. 

 

Our mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and creativity to unlock the Madsen Gold Project in Red Lake, Ontario. And become Canada’s next iconic gold company.

 

Posted April 15, 2019

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