Pretivm Announces Private Placement

Pretium Resources Inc. (TSX:PVG,NYSE:PVG) has entered a subscription agreement with Liberty Metals & Mining Holdings, LLC. Pretivm plans to use proceeds from the Offering for environmental and engineering activities at the Brucejack Project and general corporate purposes.

As quoted in the press release:

The Subscription Agreement provides that, subject to certain conditions, LMM will subscribe for up to a maximum of 496,054 common shares of Pretivm (the “Purchased Shares”) at a price per share of US$7.25 for gross proceeds of approximately US$3.5 million (the “Offering”). The Offering is scheduled to close on or about August 22, 2014, subject to the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange.

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