Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - Expects to close its non-brokered private placement of 200.0 million units at a price of C$0.15 per unit on or about Wednesday next week. Has received the minimum allocation of units for total gross proceeds of C$30 million, or £18.9 million, under the offering.

On Monday last week, Pure Gold announced its plans to raise C$30 million through the private placement. The proceeds are intended for the ramp-up of its PureGold mine in Ontario, Canada to 800 tonnes per day of ore by the third quarter of 2022.

Current stock price: 11.20 pence, up 9.3% on Friday

12-month change: down 88%

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