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LRTNF (Pure Gold Mining Inc.) is no longer actively trading.
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LRTNF does not currently pay a dividend.
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Pure Gold Mining Inc. is an enterprise focused on the acquisition, exploration, and development of properties containing gold, precious, and base metals across Canada. Its primary holding, the PureGold Mine project, spans approximately 4,648 hectares near Red Lake, Ontario, and comprises 251 individual mining leases, patents, and unpatented claims. The company's main office is situated in Vancouver, Canada.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) said it has entered into a share purchase agreement with West Red Lake Gold Mines (WRLG) and a fund managed by Sprott Resource Lending (TSX:SIL) under which WRLG will acquire the company. As previously announced by Pure Gold, WRLG has agreed to pay C$6.5 million in cash, issue 28.46 million common shares, and grant a 1% secured Net Smelter Royalty (NSR) on the Madsen Gold Project as consideration for the acquisition, in addition to US$10 million in deferred consideration payments.
(Kitco News) - West Red Lake Gold Mines (TSXV: WRLG) will acquire Pure Gold Mining's Madsen Gold mine and associated land package.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) has agreed to be acquired by West Red Lake Gold Mines Ltd (WRLG). The company said it has entered into a binding letter of agreement with WRLG and Sprott Resource Lending Corp, whereby WRLG will acquire all of the issued and outstanding shares of the company subject to the approval of the British Columbia Supreme Court under its ongoing proceedings under the Companies Creditors Arrangement Act.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) announced that the Supreme Court of British Columbia has granted a Sales and Investment Solicitation Process Order (SISP Order), among other relief, on application of the company in its proceedings under the Companies' Creditors Arrangement Act (CCAA). The gold miner said the SISP Order, among other things: approves a sales and investment solicitation process for all the assets, undertakings and property of the company, including the company's mine project in Ontario and; approves of the engagement of National Bank Financial Inc as the company's sales agent for the purposes of the SISP.
Pure Gold Mining Inc (TSX-V:PGM, LSE:PUR, OTC:LRTNF) has announced that it is suspending operations and placing the PureGold Mine in Ontario, Canada, on care and maintenance immediately. The company said this step follows an evaluation of several potential alternative scenarios and has become necessary because the mine has not yet achieved consistent positive site-level cash flow, notwithstanding recent reductions in operating costs and sequential quarter-over-quarter increases in production.