Glancy Binkow & Goldberg LLP, representing investors of Pretium Resources, Inc. (“Pretium” or the “Company”) (NYSE:PVG), has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) comprising all purchasers of Pretium securities between January 19, 2011, and October 21, 2013, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

Pretium engages in the acquisition, exploration and development of precious metal resource properties in the Americas. One of the Company’s main mineral resource projects is an advanced stage gold-silver exploration project focused on exploration of mineral reserves in the Valley of Kings (“VOK”) zone in northwestern British Columbia. Pretium engaged Strathcona Mineral Services Ltd. as independent “Qualified Persons” to oversee the Valley of the Kings bulk sample program and prepare a report at the conclusion of the project concerning mineral resource estimates.

The Complaint alleges that the defendants misrepresented or failed to disclose that:

  • The mineral resources, potential mineral reserves and potential gold production in the VOK zone were exaggerated.
  • The Company’s sampling methodology for the Valley of the Kings Bulk Sample Program was unreliable and misleading.

On October 22, 2013, Pretium announced the withdrawal of Strathcona from the Valley of the Kings Bulk Sample Program before any results from the processing of the bulk sample were available. According to the Company, in withdrawing from the program Strathcona advised Pretium that “there are no valid gold mineral resources for the VOK Zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a Feasibility Study.” Strathcona also advised Pretium that statements included in all recent press releases by Pretium about probable mineral reserves and future gold production from the Valley of the Kings zone over a 22-year mine life are “erroneous and misleading.” Following this news, Pretium declined 27%, or $1.27 per share, to close on October 22, 2013, at $3.36 per share, on unusually heavy trading volume.

If you are a member of the Class described above you may move the Court no later than December 24, 2013, to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael Goldberg888-773-9224orGlancy Binkow & Goldberg LLP, New York, NYGregory Linkh212-682-5340 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com

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