Pure Gold Minerals Inc.

Pure Gold Minerals Inc.

August 01, 2006 12:24 ET

Pure Gold Minerals Inc.: Rights Offering Closed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 1, 2006) - Gordon Keevil, President of Pure Gold Minerals Inc. (the "Company") (TSX:PUG), is pleased to announce that further to the Company's news releases dated June 22 and July 26, 2006, regarding a Rights Offering to its shareholders who are resident in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, Northwest Territories, Yukon, and Nunavut, a total of 20,633,976 common shares were subscribed for at a price of $0.06 per common share for gross proceeds of $1,238,038.08.

Included in the above subscription is Bolder Investment Partners, Ltd.'s commitment as Guarantor, to purchase 8,333,333 common shares for proceeds of $500,000.

The proceeds from this Offering will be used for further exploration on the Company's Colville Lake Property in the Northwest Territories, for general exploration expenditures and working capital.

The Board of Directors of the Company wishes to thank its shareholders who participated and contributed to the success of this Rights Offering.

Contact Information

  • Pure Gold Minerals Inc.
    Gordon Keevil
    (604) 687-2038
    (604) 687-3141 (FAX)