Frank Giustra leads financing deal for troubled Pure Gold Mining's assets FrankGiustra
- West Red Lake Gold Mines will acquire Pure Gold Mining's Madsen Gold mine and associated land package.
West Red Lake has agreed to pay $6.5 million in cash, issue 28,460,000 common shares and grant a 1.0% secured net smelter royalty on the Madsen Mine as consideration for the acquisition, as well as make up to $10.0 million in deferred consideration payments.
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