reports
PureGold to be Acquired by West Red Lake Gold Mines Ltd.
PureGold to be Acquired by West Red Lake Gold Mines Ltd. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 17, 2023 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H) (the “Company”) announces that it has entered into a binding letter agreement with West Red Lake Gold Mines Ltd. (“West Red Lake” or “WRLG”) (TSXV: WRLG, OTC: WRLGF) and Sprott Resource Lending Corp. (“Sprott”), whereby WRLG will, subject to certain conditions precedent, acquire all of the issued and outstanding shares of the Company (the ...
PureGold Appoints Chief Administrative Officer; Announces Director Res...
PureGold Appoints Chief Administrative Officer; Announces Director Resignations NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H) (“PureGold” or the “Company”) announces that today the Supreme Court of British Columbia (the “Court”), on application by the Company in its ongoing Companies’ Creditors Arrangement Act (“CCAA”) proceedings, approved the appointment of Mr. Jonathan Singh as the Company’s Chief Administrative Officer (“CAO”), effecti...
PureGold Announces Management Departures
PureGold Announces Management Departures NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 17, 2023 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H) (“PureGold” or the “Company”) announces today the departures of Mark O’Dea, President & CEO; Phil Smerchanski, VP Exploration & Technical Services; Chris Lee, Chief Geoscientist; and Adrian O’Brien, Director Marketing and Communications, effective immediately. The Company also announces the departures of Chris Haubrich, VP Business Development & CFO and A...
PureGold Provides Update on CCAA Proceedings; Announces Management Dep...
PureGold Provides Update on CCAA Proceedings; Announces Management Departures NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H) (“PureGold” or the “Company”), announces today that it has filed a court application with the Supreme Court of British Columbia (the “Court”), to be heard on March 7, 2023, seeking to extend the stay of proceedings in the Company’s ongoing Companies’ Creditors Arrangement Act (“CCAA”) proceedings up to and including Ma...
CORRECTION - PureGold files Notice of Intent to Delist from London Sto...
CORRECTION - PureGold files Notice of Intent to Delist from London Stock Exchange NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- In a release issued earlier today by Pure Gold Mining Inc. (NEX:PGM.H, LSE:PUR) under the same headline, please note the last sentence in the second paragraph has been corrected. The revised text should read, "February 21, 2023 such that the last date of trading of the Shares would be February 20, 2023," rather than "February 15, 2023 such that the ...
PureGold files Notice of Intent to Delist from London Stock Exchange
PureGold files Notice of Intent to Delist from London Stock Exchange NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H, LSE:PUR) (“PureGold” or the “Company”), announces today that an application has been made to the Financial Conduct Authority (“FCA”), to cancel the listing of its ordinary shares (“Shares”) on the standard segment of the Official List of the FCA, and to request the London Stock Exchange (“LSE”) to cancel the admission to tradin...
PureGold files Third Quarter 2022 Financials, Provides LOM Plan and Te...
PureGold files Third Quarter 2022 Financials, Provides LOM Plan and Technical Report Update VANCOUVER, British Columbia, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today filed Third Quarter 2022 summary financial and operating results. The Company’s unaudited condensed interim financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2022, will be available for download on SEDAR and on the Company’s website. All amounts are expressed in Canadian dollars (“$”), unl...
PureGold Receives Court Approval of Sales and Investment Solicitation ...
PureGold Receives Court Approval of Sales and Investment Solicitation Process and Related Relief NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (NEX:PGM.H, LSE:PUR) (the “Company”) announces that the Supreme Court of British Columbia (the “Court”), on application of the Company in its proceedings under the Companies’ Creditors Arrangement Act (the “CCAA”), has granted a Sales and Investment Solicitation Process Order (the “SISP Order”), among oth...
PureGold Announces Transfer of Listing from the TSX Venture Exchange t...
PureGold Announces Transfer of Listing from the TSX Venture Exchange to the NEX NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) announces that as a result of the Company receiving protection under the Companies Creditors Arrangement Act (“CCAA”) on October 31, 2022, the TSX Venture Exchange (the “TSXV”) has advised the Company that the trading of PureGold’s common shares will be transferred to the NEX B...
PureGold Obtains CCAA Protection
PureGold Obtains CCAA Protection NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) announces that it has obtained an Initial Order for creditor protection (the “Initial Order”) from the Supreme Court of British Columbia (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). KSV Restructuring Inc. was appointed as the monitor (the “Monitor”). The decision to commence CCAA proceedings was...
PureGold Applies for Initial Order for CCAA Protection
PureGold Applies for Initial Order for CCAA Protection NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) announces that it has applied for an Initial Order for creditor protection (the “Initial Order”) from the Supreme Court of British Columbia (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). After careful consideration of PureGold’s cash position, scheduled debt payments, forecas...
PureGold Provides Financial and Operations Update
PureGold Provides Financial and Operations Update VANCOUVER, British Columbia, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), announces a financial update regarding its cash balance, working capital and discussions with its lender. The Company also provides an operations update regarding its PureGold Mine in Ontario. The Company’s current cash balance is approximately $2 million and net working capital deficit is approximately $13 million1. PureGold has previously noted that it expected at least some additional funding in 2022 ...
CORRECTION – PureGold Achieves Third Quarter Gold Production Guidance ...
CORRECTION – PureGold Achieves Third Quarter Gold Production Guidance and Announces Fourth Quarter Outlook VANCOUVER, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR), please note in the 5th paragraph, the last sentence should read "The Company expects costs to continue to trend downward...", rather than "The Company expects costs and revenues to continue to trend downward...", as previously stated. The corrected release follows: Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold...
PureGold Achieves Third Quarter Gold Production Guidance and Announces...
PureGold Achieves Third Quarter Gold Production Guidance and Announces Fourth Quarter Outlook VANCOUVER, British Columbia, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today announced that it achieved gold production guidance for the third quarter of 2022 for its 100% owned and operated PureGold Mine located in Red Lake, Ontario. PureGold also announced production guidance for the fourth quarter of 2022. Terry Smith, PureGold Chief Operating Officer, stated: “Our quarterly gold production results are a positive step in the ...
PureGold files Independent Technical Report with Updated Mineral Resou...
PureGold files Independent Technical Report with Updated Mineral Resource Estimate for PureGold Mine VANCOUVER, British Columbia, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), is pleased to announce that following the release of an updated Mineral Resource Estimate (“MRE”) on August 10th 2022, the Company has filed a National Instrument 43-101 Technical Report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting, dated September 23rd, ...
PureGold Announces Record Gold Production in August; Reaffirms Q3 2022...
PureGold Announces Record Gold Production in August; Reaffirms Q3 2022 Guidance August gold production of 4,595 ounces driven by strong ore tonnage and improved gradesRobust drilled inventory supports September forecast; Q3 2022 guidance reaffirmedFurther growth forecasted as mining transitions fully into Austin / South Austin ZonesResults of updated Life-of-Mine plan remain on track for Q4 2022 VANCOUVER, British Columbia, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today reaffirmed third quarter 2022 guidance and anno...
PureGold Provides Operations Update and Reports Second Quarter 2022 Fi...
PureGold Provides Operations Update and Reports Second Quarter 2022 Financial and Operating Results VANCOUVER, British Columbia, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today provided an operational update and outlook as well as financial results for the second quarter of 2022. PureGold owns and operates the PureGold Mine near Red Lake, Ontario. So far during the third quarter, both costs and revenues are trending in the right direction on a sequential quarterly basis, due to the groundwork laid in the first and seco...
PureGold Announces Updated Mineral Resource Estimate for PureGold Mine
PureGold Announces Updated Mineral Resource Estimate for PureGold Mine Multi-million-ounce, high-grade gold deposit reaffirmed by SRKUpdated Life of Mine plan remains on track for release in Q4 2022 VANCOUVER, British Columbia, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today announced an updated Mineral Resource Estimate (“MRE”), prepared by SRK Consulting (Canada) Inc. (“SRK”) in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) for its 100% owned PureGold Mine near ...
PureGold Enhances Credit Facility, Closes US$6 Million Additional Cred...
PureGold Enhances Credit Facility, Closes US$6 Million Additional Credit Facility and Launches Strategic Review Process Closing of previously announced US$6 million Additional Credit Facility from SprottNew rescheduling of C$12 million of principal repayments to enhance liquidityOperational Turnaround Plan underway, Updated Life of Mine Plan remains on trackObjective of strategic review process is to evaluate alternatives and maximize value VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), today announ...
PureGold Announces Granting of Stock Options
PureGold Announces Granting of Stock Options VANCOUVER, British Columbia, June 13, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”), announces that the Board of Directors has approved the grant of an aggregate of 35,450,000 stock options for incentive and operational retention purposes, to senior mine site personnel, the executive management team, the Board of Directors and an outside technical advisor to the Company, pursuant to its Stock Option Plan. The stock options have an exercise price of $0.275 and expire after five years. About Pu...
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