With the spot price of gold now trading at ~$1,400/oz and recently breaking out to new highs not seen since 2013, gold developer Pure Gold Mining (LRTNF) wasted no time in "taking advantage" of improving sentiment towards precious metals by announcing a significant capital raise to bring in C$32.5 million of fresh funds via a bought deal private placement.
Source: Pure Gold Mining June 2019 Press Release
Worth highlighting above, new shares of Pure Gold Mining were issued out at C$0.55/share, which included an accompanying half-warrant for each share, featuring an exercise price