O'Dea and others buying at Pure Gold Mining (PGM)

O'Dea and others buying at Pure Gold Mining (V:PGM)

Updated Thursday May 06, 2021 03:28 AM EDT
Mark Gerard O'Dea, a Director, acquired 391,000 Common Shares on an indirect ownership basis for registered holder Big Fish Enterprises Ltd. at a price of $1.520 through a prospectus or prospectus exempt offering on May 5th, 2021. This represents a $594,320 investment into the company's shares and an account share holdings change of 19.3%.

In addition, Dougald Graeme Currie, a Director, acquired 120,000 Common Shares on a direct ownership basis.  This represents a $182,400 investment into the company's shares and an account share holdings change of 5.1%. Maryse Belanger, a Director, acquired 90,000 Common Shares on a direct ownership basis. This represents a $136,800 investment into the company's shares and an account share holdings change of greater than 100%. Lenard Boggio, a Director, acquired 90,000 Common Shares on a direct ownership basis. This represents a $136,800 investment into the company's shares and an account share holdings change of 36.0%. Sean Allan Tetzlaff, CFO, also acquired 90,000 Common Shares on a direct ownership basis. This represents an account share holdings change of 4.8%.

Three other insiders also participated in the deal in smaller amounts.

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.


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