PureGold Announces Grant of – GuruFocus.com
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 granting of a total of 35,450,000 stock options for incentive and operational retention purposes, to senior mine site personnel, management team, board of directors and to an external technical advisor of the Company, in accordance with its stock option plan. The stock options have an exercise price of $0.275 and expire after five years.
About Pure Gold Mining Inc.
PureGold is a Canadian gold mining company, located in the heart of Red Lake, Ontario, Canada. The Company owns and operates the PureGold mine, which entered commercial production in 2021 following the successful construction of an 800 tpd underground mine and processing facilities. Gold reserves and resources are concentrated on a forty-seven square kilometer property with significant discovery potential.1
- For more information, see the technical report entitled “Madsen Gold Project Technical Report Feasibility Study for the Madsen Deposit, Red Lake, Ontario, Canada” with an effective date of February 5, 2019 and dated July 5, 2019 ( the “Feasibility Study”), for more information, please see puregoldmining.ca or under the Company’s Sedar profile at www.sedar.com
ON BEHALF OF COUNCIL
Mark O’Dea, President and CEO
Adrian O’Brien, Director, Head of IR and Communications