REG - Pure Gold Mining Inc - Notice of Intent to Delist from LSE

Pure Gold MiningAnnouncement

23/01/2023 07:00

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RNS Number : 5243N  Pure Gold Mining Inc.  23 January 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 15, 2023 such that the last date
of trading of the Shares would be February 14, 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
(http://www.puregoldmining.ca/)  and under the Company's profile
at www.sedar.com (http://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 (mailto: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 (http://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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