Pure Gold Mining (PGM-V) May 20, '16 is pleased to announce that it has closed the sale of surface rights on certain non-core patented mining claims (the “Buffalo Claims”), first announced on December 2, 2015, to Premier Gold Mines Limited (“Premier Gold”), in exchange for $0.5 million in cash. These proceeds are in addition to the $2.0 million in cash and approximately $3.4 million in net proceeds received from the sale of Premier Gold shares, received by the Company for the sale of the underlying mineral rights on the Buffalo claims.
Pure Gold is also pleased to announce it has received $1,020,750 from the exercise of 2,041,500 warrants, with an expiry date of September 4, 2016.
ABOUT PURE GOLD
Our mandate is pure and simple. To dream big. To colour outside the lines. To use smart science and creativity to unlock the next major discovery at the Madsen Gold Project in Red Lake, Ontario. And become Canada’s next iconic gold company.
Additional information about the Company and its activities may be found on the Company’s website at www.puregoldmining.ca and under the Company’s profile at www.sedar.com.
ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO
Investor inquiries:
Tel: 604-646-8000
info@puregoldmining.ca |
