Pretium Closes Near $81 Million Financing with Zijin Mining Group

Pretium Resources (TSXV:PVG,NYSE:PVG) announced it’s closed a non-brokered private placement with Zijin Mining Group for CDN $80,872,004. Pretium intends to use the proceeds from the offering to fund capital expenditures at the Brucejack project. Shaoyang Shen, of Zijin, will be appointed to Pretium’s board of directors.

According to the press release:

Pretivm intends to use the proceeds from the Offering to fund capital expenditures at its Brucejack Project including the procurement of long-lead items and camp infrastructure.

Mr. Shaoyang Shen of Zijin will be appointed to Pretivm’s board of directors pursuant to the terms of the subscription agreement dated December 8, 2014 which entitles Zijin to nominate one person.

Click here to read the Pretium Resources (TSXV:PVG,NYSE:PVG) press release