11 May 2020 07:00
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 shares | Price per share (C$) |
Mark O'Dea
| Director
| Purchase 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 RelationsTel: 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 / amendment | Initial Notification |
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 the financial instrument | Common Shares |
(b) | Nature of the transaction | Purchase of Common Shares |
(c) | Price(s) and volume(s) | Price: C$0.85 Volume: 83,500 Price: C$0.86 Volume 45,500 |
(d) | Aggregated information Aggregated volume Price | Price: C$0.853527 Volume: 129,000 Total: C$110,105 |
(e) | Date of the transaction | 2020-05-07 |
(f) | Place of the transaction | Canada |