DOUGLAS, Isle of Man, May 25, 2018 /CNW/ - AngloGold Ashanti International Exploration Holdings Limited ("AngloGold International"), a wholly-owned subsidiary of AngloGold Ashanti Limited, is pleased to announce that it has acquired, by way of a non-brokered private placement, 12,800,000 units (the "Units", each a "Unit") of Pure Gold Mining Inc. ("Pure Gold") at a price of $0.62 per Unit, representing an aggregate subscription price of approximately $7,936,000.
Each Unit consists of one common share of the Company (a "Unit Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant is transferrable and entitles AngloGold International to acquire one common share of the Company until May 24, 2020 at a price of C$0.85.
After the transaction, AngloGold International owns 38,171,251 common shares in the capital of Pure Gold, representing approximately 14.9% of the common shares issued and outstanding in Pure Gold on a non-diluted basis.
AngloGold International acquired the common shares for investment purposes only and may, depending upon market and other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, common shares or other units of Pure Gold through market transactions, private agreements or otherwise.
AngloGold International has relied on section 2.10 of National Instrument 45‑106 – Prospectus and Registration Exemptions, as the acquisition cost to AngloGold International was not less than $150,000 paid in cash at the time of the acquisition.
SOURCE AngloGold Ashanti International Exploration Holdings Limited
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