Pure Gold Mining Inc. Director/PDMR Shareholding (3649M)
May 11 2020 - 2:00AM
UK Regulatory
TIDMPUR
RNS Number : 3649M
Pure Gold Mining Inc.
11 May 2020
PDMR SECURITY DEALING ANNOUNCEMENT
11 May 2020
PDMR Share Dealing
Pure Gold Mining, Inc. ("PureGold" or "Company") announces the
purchase of shares by certain persons discharging managerial
responsibilities in the Company as follows:
Name Role Nature of transaction Number of Price per share
shares (C$)
Purchase
Mark O'Dea Director of common shares 129,000 0.854
---------- ----------------------- ---------- ----------------
About PureGold
PureGold is a Canadian focused gold developer. The PureGold Red
Lake Mine (formerly Madsen Red Lake Gold Mine) has historical
production of 2.6 million ounces of gold and a current indicated
resource of 2,063,000 ounces gold at 8.9 g/t gold (in 7.2 million
tonnes), an inferred resource of 467,000 ounces gold at 7.7 g/t
gold (in 1.9 million tonnes), in both cases inclusive of mineral
reserves, and benefits from existing infrastructure including a
mill and tailings facility, paved highway access, and access to
power, water and experienced labour.
The recently released Feasibility Study for the PureGold Red
Lake Mine outlines an 800 tonne per day underground mining
operation with a 12 year mine life, Probable Mineral Reserves of
one million ounces of gold grading 9 g/t in 3.5 million tonnes, and
a low initial capital, putting the Madsen Red Lake Mine firmly on
the path to becoming Canada's next gold mine.
For Further Information
Tamesis Partners LLP (Corporate Brokers) +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Peel Hunt LLP (Corporate Brokers) +44 20 7418 8900
Ross Allister
David McKeown
Investor inquiries:
Adam Buchanan, Manager, Investor Relations
Tel: 604-646-8000
info@puregoldmining.ca
Media inquiries:
Gareth Tredway / Annabel de Morgan - Tavistock
Tel: +44 (0) 20 79207150
puregold@tavistock.com
Notification of dealings in shares by PDMR's of the Company:
1. Details of PDMR / PDMR Associate
=== ====================================================================
(a) Name Mark O'Dea
=== =============================== ===================================
(b) Position / status Director
=== =============================== ===================================
(c) Initial notification Initial Notification
/
amendment
=== =============================== ===================================
2. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(a) Description of Common Shares
the financial
instrument
=== =============================== ===================================
(b) Nature of the Purchase of Common Shares
transaction
=== =============================== ===================================
(c) Price(s) and Price: C$0.85
volume(s) Volume: 83,500
Price: C$0.86
Volume 45,500
=== =============================== ===================================
(d) Aggregated information Price: C$0.853527
Aggregated volume Volume: 129,000
Price Total: C$110,105
=== =============================== ===================================
(e) Date of the transaction 2020-05-07
=== =============================== ===================================
(f) Place of the Canada
transaction
=== =============================== ===================================
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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