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Memery Crystal acts for Pure Gold Mining Inc. on C$47.5 million equity fundraise

22/07/2019

At a glance

Memery Crystal has advised Pure Gold Mining Inc. on an equity fundraise of C$47.5 million. The fundraise consisted of C$34,492,700 on a brokered basis and C$13,035,000 on a private placement basis with AngloGold Ashanti Limited.

On 18 July 2019, Pure Gold closed a brought deal private placement and non-brokered private placement raising gross proceeds of C$47.5m. This comprised of C$34,492,700 on a brokered basis and C$13,035,000 on a private placement basis with global gold mining company, AngloGold Ashanti Limited.

Pure Gold owns the Masden Red Lake Gold Project, in Red Lake, Ontario, Canada. The proceeds of the transaction will be used for the company’s exploration and development activities, as well as for general corporate purposes.

Acting for Pure Gold on this transaction follows Memery Crystal’s previous mandate advising Pure Gold on its dual-listing to the Main Market of the London Stock Exchange back in May of this year.

The Memery Crystal team consisted of Corporate Partner, Kieran Stone and Solicitor, Thomas Grace.

About Memery Crystal
Memery Crystal is a specialist international law firm based in London with a well-established history of acting for clients in the corporate sector.
Our firm works internationally with businesses in the oil & gas, mining and renewable energy markets. At the top-end, our clients include FTSE main market-listed companies.

Our corporate finance and ECM teams advise on public and private equity and debt finance for natural resources companies and investors, as well as M&A and strategic investments and disposals.

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