Gold

Pretium Resources Inc. (TSX:PVG,NYSE:PVG) announced that it’s entered into an underwriting agreement with a syndicate of underwriters.

Pretium Resources Inc. (TSX:PVG,NYSE:PVG) announced that it’s entered into an underwriting agreement with a syndicate of underwriters. The underwriters have agreed to purchase 26,210,000 common shares of Pretium priced at US$4.58 each for gross proceeds of about US$120 million.
As quoted in the press release:

The Offering will be made under a prospectus supplement dated February 23, 2016 (the “Supplement”) to the Company’s short form base shelf prospectus dated July 16, 2014, to be filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Supplement will also be filed with the U.S. Securities and Exchange Commission (“SEC”) as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.
The Company has also granted the underwriters an over-allotment option to purchase up to an additional 2,174,000 common shares at the Offering Price, exercisable for a period of 30 days following closing.
The net proceeds of the Offering will be used (i) to fund development of the Brucejack Project, (ii) for working capital during start-up and (iii) for general corporate purposes.

Click here to read the full Pretium Resources Inc. (TSX:PVG,NYSE:PVG) press release.

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