AngloGold Ashanti boost shareholder stake by five per cent
Pure Gold Mining has secured equity financing of $25 million to complete the ramp up of operations at its mine in Red Lake to its design capacity.
The transaction also increases the stake of the largest shareholder in the Vancouver company, AngloGold Ashanti, from 14.9 per cent to 19.9 per cent.
The transactions close Feb. 15. At the end of January,
Pure Gold announced it has entered into an agreement with lead underwriter National Bank Financial, acting on behalf of a syndicate of underwriters including Clarus Securities. Tamesis Partners LLP acting as special selling agent in the UK and Europe.
Read the full article from Northern Ontario Business HERE
