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Cassels Brock Represents Sprott Capital in Pure Gold's $5.2 Million Private Placement

Published: 03/29/2019

Team: Jennifer Traub, Jonathan J. Chandler, Laith F. Sarhan, Christopher B. Norton

On March 29, 2019, Pure Gold Mining Inc. closed a bought deal private placement of 7,723,975 common shares issued on a flow-through basis, at a price of $0.67 per share, for gross proceeds of approximately $5.2 million.

The offering was completed through a syndicate of underwriters led by Sprott Capital Partners LP and including Velocity Trade Capital Ltd., and Macquarie Capital Markets Canada Ltd.

Cassels Brock acted for Sprott Capital with a deal team that included Jennifer Traub, Jonathan Chandler and Laith Sarhan (Securities and Mining) and Chris Norton (Tax).