Pretium Resources Inc. (TSX:PVG,NYSE:PVG) has closed its previously announced marketed offering of 8,280,000 common shares at a price of US$7.25 per share. Pretivm received gross proceeds of US$49,524,750 for the sale of 6,831,000 common shares, under the terms of the offering.
As quoted in the press release:
The net proceeds of the Offering to the Company will be used to fund environmental and engineering activities at the Brucejack Project, to fund permitting of the Brucejack Project, to fund continued exploration activities at the Brucejack Project and for general corporate purposes. The Company will not receive any of the proceeds from the sale of common shares by Silver Standard.