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Pure Gold gets additional Sprott loan, equity raise coming

Pure Gold Mining has entered into an agreement with its lending partner, Sprott Private Resource Lending under which Sprott conditionally agreed to provide an additional, secured, first-priority, non-revolving credit facility of up to US$6 million while waiving any existing defaults under the existing credit, stream purchase and production payment agreements until May 15.

Pure Gold gets additional Sprott loan, equity raise coming Pure Gold gets additional Sprott loan, equity raise coming Pure Gold gets additional Sprott loan, equity raise coming Pure Gold gets additional Sprott loan, equity raise coming Pure Gold gets additional Sprott loan, equity raise coming

Pure Gold's PureGOld mine in Ontario, Canada

The additional credit facility matures on September 30 and accrues interest at a rate of 14% per annum.