Pure Gold Mining Inc. Reports on Payments to Governments for 2019 (0784O)
February 05 2021 - 1:00AM
UK Regulatory
TIDMPUR
RNS Number : 0784O
Pure Gold Mining Inc.
05 February 2021
05 February 2021
Pure Gold Mining Inc.
(PGM:TSX-V, LSE:PUR) ("PureGold" or the "Company")
Reports on Payments to Governments for 2019
Introduction
This report sets out details of the payments made to governments
by PureGold for the year ended 31 December 2019 as required under
Disclosure and Transparency Rule 4.3A issued by the UK's Financial
Conduct Authority ("DTR 4.3A") and in accordance with The Reports
on Payments to Governments Regulations 2014 (as amended in 2015)
("the UK Regulations"). DTR 4.3A requires companies listed on a
stock exchange in the UK and operating in the extractive industry
to publicly disclose payments to governments in the countries where
they undertake exploration, prospection, discovery, development and
extraction of oil and natural gas deposits or other materials.
Basis for preparation
All of the payments made were in relation to the Red Lake Mine.
This information is substantially a reproduction of information set
out PureGold's Extractive Sector Transparency Measures Act - Annual
Report for 2019 available on the Company's website at
www.puregoldmining.ca
Summary of payments
Payee Payment type Amount (CAN
$)
Lac Seul First Nations Fees 396,000*
-------------- ------------
Wabauskang First Nations Fees 396,000*
-------------- ------------
Municipality of Red Lake Taxes 112,000
-------------- ------------
Total 904,000
----------------------------------------- ------------
* Cash payment of CAN $81,000 and 500,000 common shares of
PureGold valued at CAN $315,000 as per a Project Agreement signed
in July 2019 in respect of PureGold's Red Lake Mine.
About Pure Gold Mining Inc.
PureGold is a growth company, located in the very heart of Red
Lake, Canada. Our objective is pure and simple. To develop a highly
profitable long-life gold mining company, becoming Canada's next
iconic gold producer. Our plan is very disciplined, very methodical
and financially sound. To expand organically and develop PureGold's
multi-million-ounce high grade gold asset incrementally,
step-by-step, using a phased mining development plan to deliver
maximum return.
Additional information about the Company and its activities may
be found on the Company's website at www.puregoldmining.ca and
under the Company's profile at www.sedar.com.
ON BEHALF OF THE BOARD
"Darin Labrenz"
Darin Labrenz, President & CEO
Investor inquiries:
Adrian O'Brien, Director Marketing & Communications
Tel: 604-809-6890
aobrien@puregoldmining.ca
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END
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