Pure Gold Mining Inc. Director/PDMR Shareholding (4417J)
December 22 2020 - 2:00AM
UK Regulatory
TIDMPUR
RNS Number : 4417J
Pure Gold Mining Inc.
22 December 2020
PDMR SECURITY DEALING ANNOUNCEMENT
December 22, 2020
PDMR Share Dealing
Pure Gold Mining, Inc. ("PureGold" or "Company") announces the
acquisition and disposal of shares 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$)
Chief Financial Exercise of
Sean Tetzlaff Officer & Secretary option awards 500,000 0.44
---------------------- ----------------------- ---------- ----------------
Disposal of
common shares 365,400 2.83
-------------------------------------------------------------- ---------- ----------------
President & Exercise of
Darin Labrenz CEO and Director option awards 750,000 $0.44
---------------------- ----------------------- ---------- ----------------
Disposal of
common shares 540,000 2.81
-------------------------------------------------------------- ---------- ----------------
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 7920 3150
puregold@tavistock.co .uk
Notification of dealings in shares by PDMR's of the Company:
1. Details of PDMR / PDMR Associate
=== ====================================================================
(a) Name Sean Tetzlaff
=== ========================== ========================================
(b) Position / status Chief Financial Officer & Secretary
=== ========================== ========================================
(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 Exercise of option awards
transaction
=== ========================== ========================================
(c) Price(s) and Price: C$0.44
volume(s) Volume: 500,000
=== ========================== ========================================
(d) Aggregated information Price: C$0.44
Aggregated volume Volume: 500,000
Price Total: C$220,000
=== ========================== ========================================
(e) Date of the transaction 2020-12-16
=== ========================== ========================================
(f) Place of the Canada
transaction
=== ========================== ========================================
3. 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
=== ====================================================================
(g) Description of Common Shares
the financial
instrument
=== ========================== ========================================
(h) Nature of the Sale of common shares
transaction
=== ========================== ========================================
(i) Price(s) and Price: C$2.878
volume(s) Volume: 250,000
=== ========================== ========================================
(j) Aggregated information Price: C$2.878
Aggregated volume Volume: 250,000
Price Total: C$719,500
=== ========================== ========================================
(k) Date of the transaction 2020-12-17
=== ========================== ========================================
(l) Place of the Canada
transaction
=== ========================== ========================================
4. 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
=== ====================================================================
(m) Description of Common Shares
the financial
instrument
=== ========================== ========================================
(n) Nature of the Sale of common shares
transaction
=== ========================== ========================================
(o) Price(s) and Price: C$2.7155
volume(s) Volume: 115,400
=== ========================== ========================================
(p) Aggregated information Price: C$2.716
Aggregated volume Volume: 115,400
Price Total: C$313,369
=== ========================== ========================================
(q) Date of the transaction 2020-12-18
=== ========================== ========================================
(r) Place of the Canada
transaction
=== ========================== ========================================
1. Details of PDMR / PDMR Associate
==== ====================================================================
(d) Name Darin Labrenz
==== ============================= =====================================
(e) Position / status President & CEO and Director
==== ============================= =====================================
(f) 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
==== ====================================================================
(s) Description of Common Shares
the financial
instrument
==== ============================= =====================================
(t) Nature of the Exercise of option awards
transaction
==== ============================= =====================================
(u) Price(s) and Price: C$0.44
volume(s) Volume: 750,000
==== ============================= =====================================
(v) Aggregated information Price: C$0.44
Aggregated volume Volume: 750,000
Price Total: C$330,000
==== ============================= =====================================
(w) Date of the transaction 2020-12-16
==== ============================= =====================================
(x) Place of the Canada
transaction
==== ============================= =====================================
3. 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
==== ====================================================================
(y) Description of Common Shares
the financial
instrument
==== ============================= =====================================
(z) Nature of the Sale of Common Shares
transaction
==== ============================= =====================================
(aa) Price(s) and Price: C$2.88
volume(s) Volume: 390,000
==== ============================= =====================================
(bb) Aggregated information Price: C$2.88
Aggregated volume Volume: 390,000
Price Total: C$1,124,272
==== ============================= =====================================
(cc) Date of the transaction 2020-12-17
==== ============================= =====================================
(dd) Place of the Canada
transaction
==== ============================= =====================================
4. 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
==== ====================================================================
(ee) Description of Common Shares
the financial
instrument
==== ============================= =====================================
(ff) Nature of the Sale of Common Shares
transaction
==== ============================= =====================================
(gg) Price(s) and Price: C$2.63
volume(s) Volume: 150,000
==== ============================= =====================================
(hh) Aggregated information Price: C$2.63
Aggregated volume Volume: 150,000
Price Total: C$393,968
==== ============================= =====================================
(ii) Date of the transaction 2020-12-18
==== ============================= =====================================
(jj) Place of the Canada
transaction
==== ============================= =====================================
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END
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