Pure Gold Mining Inc. Director/PDMR Shareholding (4417J)

TIDMPUR

RNS Number : 4417J

Pure Gold Mining Inc.

22 December 2020

PDMR SECURITY DEALING ANNOUNCEMENT

December 22, 2020

PDMR Share Dealing

Pure Gold Mining, Inc. ("PureGold" or "Company") announces the acquisition and disposal of shares 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$) 
                  Chief Financial         Exercise of 
 Sean Tetzlaff     Officer & Secretary     option awards           500,000     0.44 
                 ----------------------  -----------------------  ----------  ---------------- 
   Disposal of 
    common shares                                                  365,400     2.83 
  --------------------------------------------------------------  ----------  ---------------- 
                  President &             Exercise of 
 Darin Labrenz     CEO and Director        option awards           750,000     $0.44 
                 ----------------------  -----------------------  ----------  ---------------- 
   Disposal of 
    common shares                                                  540,000     2.81 
  --------------------------------------------------------------  ----------  ---------------- 
 

About PureGold

PureGold is a Canadian focused gold developer. The PureGold Red Lake Mine (formerly 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 PureGold Red Lake 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) [phone]

Charlie Bendon

Richard Greenfield

Peel Hunt LLP (Corporate Brokers) [phone]

Ross Allister

David McKeown

Investor inquiries:

Adam Buchanan, Manager, Investor Relations

Tel: [phone]

[e-mail]

Media inquiries:

Gareth Tredway / Annabel de Morgan - Tavistock

Tel: [phone]

[e-mail] .uk

Notification of dealings in shares by PDMR's of the Company:

 
1.   Details of PDMR / PDMR Associate 
===  ==================================================================== 
(a)  Name                          Sean Tetzlaff 
===  ==========================  ======================================== 
(b)  Position / status             Chief Financial Officer & Secretary 
===  ==========================  ======================================== 
(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 option awards 
      transaction 
===  ==========================  ======================================== 
(c)  Price(s) and                  Price: C$0.44 
      volume(s)                     Volume: 500,000 
===  ==========================  ======================================== 
(d)  Aggregated information        Price: C$0.44 
      Aggregated volume             Volume: 500,000 
      Price                         Total: C$220,000 
===  ==========================  ======================================== 
(e)  Date of the transaction       2020-12-16 
===  ==========================  ======================================== 
(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 
===  ==================================================================== 
(g)  Description of                Common Shares 
      the financial 
      instrument 
===  ==========================  ======================================== 
(h)  Nature of the                 Sale of common shares 
      transaction 
===  ==========================  ======================================== 
(i)  Price(s) and                  Price: C$2.878 
      volume(s)                     Volume: 250,000 
===  ==========================  ======================================== 
(j)  Aggregated information        Price: C$2.878 
      Aggregated volume             Volume: 250,000 
      Price                         Total: C$719,500 
===  ==========================  ======================================== 
(k)  Date of the transaction       2020-12-17 
===  ==========================  ======================================== 
(l)  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 
===  ==================================================================== 
(m)  Description of                Common Shares 
      the financial 
      instrument 
===  ==========================  ======================================== 
(n)  Nature of the                 Sale of common shares 
      transaction 
===  ==========================  ======================================== 
(o)  Price(s) and                  Price: C$2.7155 
      volume(s)                     Volume: 115,400 
===  ==========================  ======================================== 
(p)  Aggregated information        Price: C$2.716 
      Aggregated volume             Volume: 115,400 
      Price                         Total: C$313,369 
===  ==========================  ======================================== 
(q)  Date of the transaction       2020-12-18 
===  ==========================  ======================================== 
(r)  Place of the                  Canada 
      transaction 
===  ==========================  ======================================== 
 
 
1.    Details of PDMR / PDMR Associate 
====  ==================================================================== 
(d)   Name                             Darin Labrenz 
====  =============================  ===================================== 
(e)   Position / status                President & CEO and Director 
====  =============================  ===================================== 
(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 
====  ==================================================================== 
(s)   Description of                   Common Shares 
       the financial 
       instrument 
====  =============================  ===================================== 
(t)   Nature of the                    Exercise of option awards 
       transaction 
====  =============================  ===================================== 
(u)   Price(s) and                     Price: C$0.44 
       volume(s)                        Volume: 750,000 
====  =============================  ===================================== 
(v)   Aggregated information           Price: C$0.44 
       Aggregated volume                Volume: 750,000 
       Price                            Total: C$330,000 
====  =============================  ===================================== 
(w)   Date of the transaction          2020-12-16 
====  =============================  ===================================== 
(x)   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 
====  ==================================================================== 
(y)   Description of                   Common Shares 
       the financial 
       instrument 
====  =============================  ===================================== 
(z)   Nature of the                    Sale of Common Shares 
       transaction 
====  =============================  ===================================== 
(aa)  Price(s) and                     Price: C$2.88 
       volume(s)                        Volume: 390,000 
====  =============================  ===================================== 

(bb)  Aggregated information           Price: C$2.88 
       Aggregated volume                Volume: 390,000 
       Price                            Total: C$1,124,272 
====  =============================  ===================================== 
(cc)  Date of the transaction          2020-12-17 
====  =============================  ===================================== 
(dd)  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 
====  ==================================================================== 
(ee)  Description of                   Common Shares 
       the financial 
       instrument 
====  =============================  ===================================== 
(ff)  Nature of the                    Sale of Common Shares 
       transaction 
====  =============================  ===================================== 
(gg)  Price(s) and                     Price: C$2.63 
       volume(s)                        Volume: 150,000 
====  =============================  ===================================== 
(hh)  Aggregated information           Price: C$2.63 
       Aggregated volume                Volume: 150,000 
       Price                            Total: C$393,968 
====  =============================  ===================================== 
(ii)  Date of the transaction          2020-12-18 
====  =============================  ===================================== 
(jj)  Place of the                     Canada 
       transaction 
====  =============================  ===================================== 
 

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December 22, 2020 02:00 ET (07:00 GMT)