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Pure Gold Madsen project financing on track

Financing the C$95 million initial capital for development of the Madsen gold project in Red Lake, Ontario, Canada, is on track to be completed this quarter following a successful equity raise, president and CEO Darin Labrenz has told Mining Journal.

Pure Gold Madsen project financing on track Pure Gold Madsen project financing on track Pure Gold Madsen project financing on track Pure Gold Madsen project financing on track Pure Gold Madsen project financing on track

A scoop at Madsen in Canada's Red Lake district

The company completed an expanded equity raise of $47.