AngloGold ups stake in Canadian gold developer

South Africa-based miner AngloGold Ashanti has invested an additional $5-million into Canadian miner PureGold, which is developing a mine in Ontario, Canada. The gold major exercised 5 036 250 share purchase warrants with a strike price of $0.85, increasing its interest in PureGold to 16% – maintaining its position as the junior’s single largest shareholder.