Deal with greenshoe conducted on a bought-deal basis through Macquarie
By Devika Patel
Knoxville, Tenn., May 25 – Pure Gold Mining Inc. said it will conduct a C$5 million private placement of stock with a 25% greenshoe.
The company will sell 6,667,000 flow-through common shares at C$0.75 per share. The price per share reflects a 25% premium to the May 24 closing share price of C$0.60.
The offering is being conducted on a bought-deal basis by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd.
Settlement is expected June 8.
Proceeds will be used for exploration.
Pure Gold Mining is a Vancouver, B.C., gold mining company.
| Issuer: | Pure Gold Mining Inc.
|
| Issue: | Flow-through common shares
|
| Amount: | C$5 million
|
| Shares: | 6,667,000
|
| Greenshoe: | 25%
|
| Price: | C$0.75
|
| Warrants: | No
|
| Agents: | Macquarie Capital Markets Canada Ltd. (lead)
|
| Pricing date: | May 25
|
| Settlement date: | June 8
|
| Stock symbol: | TSX Venture: PGM
|
| Stock price: | C$0.60 at close May 24
|
| Market capitalization: | C$80.46 million
|
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