Pure Gold Mining Inc. Director/PDMR Shareholding (3412H)
March 24 2020 - 2:00AM
UK Regulatory
TIDMPUR
RNS Number : 3412H
Pure Gold Mining Inc.
24 March 2020
PDMR SECURITY DEALING ANNOUNCEMENT
24 March 2020
PDMR Share Dealing
Pure Gold Mining, Inc. ("Pure Gold" or "Company") announces the
exercise of option awards and the disposal of shares by certain
persons discharging managerial responsibilities in the Company as
follows:
Name Role Nature of transaction Number of Price per share
shares (C$)
Vice President, Exercise of
Phil Smerchanski Exploration option awards 150,000 0.28
---------------------- ----------------------- ---------- ----------------
Disposal of
Common Shares 50,000 0.62
----------------------- ---------- ----------------
32,000 0.62
----------------------------------------------------------------- ---------- ----------------
Chief Financial Exercise of
Sean Tetzlaff Officer & Secretary option awards 150,000 0.28
---------------------- ----------------------- ---------- ----------------
Exercise of
Lenard Boggio Director option awards 250,000 0.11
---------------------- ----------------------- ---------- ----------------
About Pure Gold
Pure Gold is a Canadian focused gold developer. The Madsen Red
Lake Gold Mine has historical production of 2.6 million ounces of
gold and a current indicated resource of 2,063,000 ounces gold at
8.9 g/t gold (in 7.2 million tonnes), an inferred resource of
467,000 ounces gold at 7.7 g/t gold (in 1.9 million tonnes), in
both cases inclusive of mineral reserves, and benefits from
existing infrastructure including a mill and tailings facility,
paved highway access, and access to power, water and experienced
labour.
The recently released Feasibility Study for the Madsen Red Lake
Gold Mine outlines an 800 tonne per day underground mining
operation with a 12 year mine life, Probable Mineral Reserves of
one million ounces of gold grading 9 g/t in 3.5 million tonnes, and
a low initial capital, putting the Madsen Red Lake Mine firmly on
the path to becoming Canada's next gold mine.
For Further Information
Tamesis Partners LLP (Corporate Brokers) +44 20 3882 2868
Charlie Bendon
Richard Greenfield
Peel Hunt LLP (Corporate Brokers) +44 20 7418 8900
Ross Allister
David McKeown
Investor inquiries:
Adam Buchanan, Manager, Investor Relations
Tel: 604-646-8000
info@puregoldmining.ca
Media inquiries:
Gareth Tredway / Annabel de Morgan - Tavistock
Tel: +44 (0) 20 79207150
puregold@tavistock.com
Notification of dealings in shares by PDMR's of the Company:
1. Details of PDMR / PDMR Associate
=== ====================================================================
(a) Name Phil Smerchanski
=== ============================== ====================================
(b) Position / status Vice President, Exploration
=== ============================== ====================================
(c) Initial notification Initial Notification
/
amendment
=== ============================== ====================================
2. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(a) Description of Common Shares
the financial
instrument
=== ============================== ====================================
(b) Nature of the Exercise of Options
transaction
=== ============================== ====================================
(c) Price(s) and Price: C$0.28
volume(s) Volume: 150,000
=== ============================== ====================================
(d) Aggregated information Price: C$0.28
Aggregated volume Volume: 150,000
Price Total: C$42,000
=== ============================== ====================================
(e) Date of the transaction 2020-03-17
=== ============================== ====================================
(f) Place of the Canada
transaction
=== ============================== ====================================
3. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(a) Description of Common Shares
the financial
instrument
=== ============================== ====================================
(b) Nature of the Disposal of Common Shares
transaction
=== ============================== ====================================
(c) Price(s) and Price: C$0.60
volume(s) Volume: 25,000
Price: C$0.64
Volume: 9,500
Price: C$0.65
Volume: 15,500
(d) Aggregated information Price: C$0.623
Aggregated volume Volume: 50,000
Price Total: C$31,155
============================== ====================================
(e) Date of the transaction 2020-18-03
=== ============================== ====================================
(f) Place of the Canada
transaction
=== ============================== ====================================
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(a) Description of Common Shares
the financial
instrument
=== ============================== ====================================
(b) Nature of the Disposal of Common Shares
transaction
=== ============================== ====================================
(c) Price(s) and Price: C$0.62
volume(s) Volume: 25,000
Price: C$0.60
Volume: 7,000
(d) Aggregated information Price: C$0.616
Aggregated volume Volume: 32,000
Price Total: C$19,700
============================== ====================================
(e) Date of the transaction 2020-20-03
=== ============================== ====================================
(f) Place of the Canada
transaction
=== ============================== ====================================
1. Details of PDMR / PDMR Associate
=== ====================================================================
(d) Name Sean Tetzlaff
=== ========================== ========================================
(e) Position / status Chief Financial Officer & Secretary
=== ========================== ========================================
(f) Initial notification Initial Notification
/
amendment
=== ========================== ========================================
2. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(g) Description of Common Shares
the financial
instrument
=== ========================== ========================================
(h) Nature of the Exercise of Options
transaction
=== ========================== ========================================
(i) Price(s) and Price: C$0.28
volume(s) Volume: 150,000
=== ========================== ========================================
(j) Aggregated information Price: C$0.28
Aggregated volume Volume: 150,000
Price Total: C$42,000
=== ========================== ========================================
(k) Date of the transaction 2020-03-02
=== ========================== ========================================
(l) Place of the Canada
transaction
=== ========================== ========================================
1. Details of PDMR / PDMR Associate
=== ====================================================================
(g) Name Lenard Boggio
=== ================================== ================================
(h) Position / status Director
=== ================================== ================================
(i) Initial notification Initial Notification
/
amendment
=== ================================== ================================
2. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
=== ====================================================================
(m) Description of Common Shares
the financial
instrument
=== ================================== ================================
(n) Nature of the Exercise of Options
transaction
=== ================================== ================================
(o) Price(s) and Price: C$0.11
volume(s) Volume: 250,000
=== ================================== ================================
(p) Aggregated information Price: C$0.11
Aggregated volume Volume: 250,000
Price Total: C$27,500
=== ================================== ================================
(q) Date of the transaction 2020-03-12
=== ================================== ================================
(r) Place of the Canada
transaction
=== ================================== ================================
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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