AngloGold Ashanti buying at Pure Gold Mining (PGM)

AngloGold Ashanti buying at Pure Gold Mining (V:PGM)

AngloGold Ashanti International Exploration Holdings Limited, a 10% Holder, acquired 12,800,000 Common Shares on a direct ownership basis at a price of $0.620 through a prospectus or prospectus exempt offering on May 24th, 2018. The insider also acquired 12,800,000 Warrants with an exercise price of $0.850 until May 24, 2020. This represents a $7,936,000 investment into the company's shares and an account share holdings change of 50.5%.

Pure Gold Mining is in the Gold Sub Industry Group under the Basic Materials Sector.

Pure Gold Mining Inc, formerly Laurentian Goldfields Ltd, is a Canada-based gold-focused exploration and development company, which is engaged in the acquisition, exploration and development of mineral properties or interests in companies controlling mineral properties. The Company is focused on discovering mineralization on its property, the Madsen Gold Project, which is located in Red Lake greenstone belt. The Madsen Gold Project property is host to approximately three past-producing mines, existing mine infrastructure, Mineral Resources, and multiple prospective exploration targets in a geological setting analogous to other high grade discoveries in the Red Lake District. The mineral resources from over four zones within the Madsen Mine include indicated mineral resource of approximately 928,000 ounces gold in over 3.24 million tons grading 8.93 gram per tons (g/t) Au2, and inferred mineral resource of approximately 297,000 ounces gold in 0.79 million tons grading 11.74 g/t Au2.