TIDMPUR
RNS Number : 6042N
Pure Gold Mining Inc.
23 January 2023
In a release issued under the same headline earlier today by
Pure Gold Mining Inc. (NEX:PGM.H, LSE:PUR), please note in the 2nd
paragraph, the last sentence listed incorrect dates. The sentence
should read as follows, including the corrected dates, "Therefore,
the Company expects the Cancellation of the London Listing to be
effective from 8.00 am GMT on February 21, 2023 such that the last
date of trading of the Shares would be February 20, 2023".
NEWS RELEASE 23-01 January 23rd, 2023
PureGold files Notice of Intent to Delist from London Stock
Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, B.C. - Pure Gold Mining Inc. (NEX:PGM.H, LSE:PUR)
("PureGold" or the "Company"), announces today that an application
has been made to the Financial Conduct Authority ("FCA"), to cancel
the listing of its ordinary shares ("Shares") on the standard
segment of the Official List of the FCA, and to request the London
Stock Exchange ("LSE") to cancel the admission to trading of the
Shares on the main market for listed securities of the LSE
(together, the "Cancellation of the London Listing").
Pursuant to Listing Rule 5.2.8, the Company is required to give
at least twenty business days' notice of the intended Cancellation
of the London Listing. Therefore, the Company expects the
Cancellation of the London Listing to be effective from 8.00 am GMT
on February 21, 2023 such that the last date of trading of the
Shares would be February 20, 2023.
The expected Cancelation of the London Listing will not affect
the Company's primary listing on the NEX Board of the TSX Venture
Exchange under the trading symbol PGM.H.
About Pure Gold Mining Inc.
The Company is a Canadian gold mining company, located in Red
Lake, Ontario, Canada. The Company owns the PureGold Mine, which
began gold production in 2021 after the successful construction of
an 800 tpd underground mine and processing facility. The Company's
Mine is centered on a forty-seven square kilometre property with
significant discovery potential.
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
"Mark O'Dea"
Mark O'Dea, President & CEO
Investor inquiries:
Adrian O'Brien, Director, Marketing and Communications
Tel: 604-809-6890
aobrien@puregoldmining.ca
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
All statements in this press release, other than statements of
historical fact, are "forward-looking information" with respect to
the Company within the meaning of applicable securities laws,
including, but not limited to statements relating to the
application to cancel the London Listing and timing of such
cancelation. Forward-looking information is often, but not always,
identified by the use of words such as "seek", "anticipate",
"plan", "continue", "planned", "expect", "project", "predict",
"potential", "targeting", "intends", "believe", "potential", and
similar expressions, or describes a "goal", or variation of such
words and phrases or state that certain actions, events or results
"may", "should", "could", "would", "might" or "will" be taken,
occur or be achieved. Forward-looking information is not a
guarantee of future performance and is based upon a number of
estimates and assumptions of management at the date the statements
are made including, among others, assumptions about future prices
of gold and other metal prices, currency exchange rates and
interest rates, favourable operating conditions, political
stability, obtaining governmental approvals and financing on time,
obtaining renewals for existing licences and permits and obtaining
required licences and permits, labour stability, stability in
market conditions, availability of equipment, accuracy of any
mineral resources, successful resolution of disputes and
anticipated costs and expenditures. Many assumptions are based on
factors and events that are not within the control of the Company
and there is no assurance they will prove to be correct.
Such forward-looking information, involves known and unknown
risks, which may cause the actual results to be materially
different from any future results expressed or implied by such
forward-looking information, including, current economic
conditions; future prices of commodities; possible variations in
grade or recovery rates; the costs and timing of the development of
new deposits; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; the
timing and success of exploration and development activities
generally; delays in permitting; possible claims against the
Company; the timing of future economic studies; labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals, financing or in the completion of
exploration as well as those factors discussed in the Annual
Information Form of the Company dated March 30, 2022 in the section
entitled "Risk Factors", under the Company's SEDAR profile at
www.sedar.com .
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking information,
there may be other factors that cause actions, events or results
not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. The Company disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise
unless required by law.
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END
MSCPPUBPGUPWGMW
(END) Dow Jones Newswires
January 23, 2023 12:31 ET (17:31 GMT)
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