https://www.miningweekly.com

PureGold listing transfer to NEX

2nd November 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Embattled gold miner PureGold Mining on Wednesday advised that trading of its shares would be transferred to the NEX board of the TSX-V with immediate effect.

The company, which owns the idled PureGold mine in Ontario, earlier this week received protection under the Creditors Arrangement Act.

While under creditor protection, PureGold will consider all available transactional and restructuring options with a goal of maximizing value for the company and its stakeholders.

The PureGold mine will remain on care and maintenance and the management of the company will remain responsible for day-to-day operations, under the oversight of court-appointed KSV Restructuring as monitor.

PureGold placed its mine on care and maintenance a week ago, having run out of money to continue operations. At the time, the company explained that its mine had not yet achieved consistent positive site-level cash flow and that expected additional funding had not materialised.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.044 0.705s - 110pq - 2rq
Subscribe Now