By Adria Calatayud

Pure Gold Mining Inc. said Tuesday it has received an additional $5 million investment as the company's largest shareholder, AngloGold Ashanti Ltd., raised its stake to 16%.

AngloGold exercised share-purchase warrants with a strike price of $0.85, Pure Gold said. According to FactSet, AngloGold previously had a 12.99% stake in Pure Gold.

Pure Gold, a Canada- and U.K.-listed company, said it is in a solid financial position to complete construction of its Pure Gold mine in Canada while also advancing its exploration program.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

August 18, 2020 03:13 ET (07:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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