AngloGold’s stake in Pure Gold rises to nearly 15%
South Africa-based major AngloGold Ashanti’s ownership percentage in Canadian bullion miner Pure Gold Mining has increased to 14.96% of the issued and outstanding common shares, following the closing of a nonbrokered private placement.
The company, which is advancing the PureGold mining project in Red Lake, Ontario, issued 3 307 619 units to AngloGold Ashanti at C$1.05 each, for aggregate gross proceeds of C$3.47-million.
Each unit consisted of one common share and one-half of a common share purchase warrant. Each warrant is transferable and entitles the holder to acquire one common share of the company until April 15, 2023, at C$1.36 a share.
Pure Gold will use the proceeds of the offering to fund the continued ramp-up of operations at its mine, for underground drilling and development of high-grade 8 zone, and for general corporate purposes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation