News Column

Pretivm Closes US$60 Million Primary and Secondary Common Share Offering

August 16, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce the closing of its previously announced marketed offering (the "Offering") of 8,280,000 common shares at a price of US$7.25 per share (the "Offering Price"). Pursuant to the terms of the Offering, Pretivm received gross proceeds of US$49,524,750 for the sale of 6,831,000 common shares. The remaining 1,449,000 common shares were sold by Silver Standard Resources Inc. ("Silver Standard") at the Offering Price in a secondary offering for gross proceeds of US$10,505,250.

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.

The Offering was conducted by a syndicate of underwriters, led by Scotia Capital Inc., and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Cormark Securities Inc., GMP Securities L.P., RBC Dominion Securities Inc., Citigroup Global Markets Canada Inc., Cowen & Company, LLC, Roth Capital Partners LLC, H.C. Wainwright & Co. LLC and Salman Partners Inc. (collectively, the "Underwriters"). The Underwriters reserve the right to exercise all or any portion of the balance of the over-allotment option, 1,242,000 common shares at the Offering Price divided proportionally between the Company and Silver Standard, at any time within 30 days following closing.

The common shares were offered in each of the provinces and territories of Canada, other than Quebec, by way of a prospectus supplement dated July 22, 2014 to a short form base shelf prospectus dated July 16, 2014 and in the United States pursuant to a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.

A copy of the prospectus supplement and the short form base shelf prospectus may be obtained in Canada from Scotia Capital Inc. attention: Equity Capital Markets (tel: 416-862-5837), Scotia Plaza, 66th Floor, 40 King Street West, M5W 2X6, Toronto, Ontario; or in the United States, attention: Equity Capital Markets (tel: 212-225-6853), 250 Vesey Street, 24th Floor, New York, NY, 10281.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

Keywords for this news article include: Investment and Finance.

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Source: Investment Weekly News


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