Pretivm Announces Closing of Offering
May 09 2012 - 8:40AM
Marketwired
Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the
"Company") announces today that the previously announced offering
of common shares (the "Offering") has completed and included the
exercise in full of the over-allotment option granted to the
syndicate of underwriters. The Offering consisted of an aggregate
of 5,554,500 shares at a price of $14.50 per share for gross
proceeds of $80,540,250.
The net proceeds of the Offering will be used to fund ongoing
exploration on the Company's Brucejack project in northwestern
British Columbia.
A copy of the Company's final prospectus supplement dated May 3,
2012 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), 1 Liberty Plaza, 25th
Floor, 165 Broadway, New York, NY, 10006.
About Pretivm
Pretivm is creating value through gold at its advanced-staged
exploration projects Brucejack and Snowfield, located in northern
British Columbia. Pretivm is advancing the high-grade, underground
gold opportunity at Brucejack, which hosts a significant
undeveloped high-grade gold resource.
Forward-Looking Statements
This Press Release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
Canadian and United States securities legislation. Forward-looking
information may include, but is not limited to, risks related to
unsatisfactory results of due diligence, the ability to satisfy the
conditions of closing of Offering and general economic conditions,
our planned exploration and development activities, the adequacy of
the Company's financial resources, the estimation of mineral
resources, realization of mineral resource estimates, timing of
development of the Company's Brucejack Project, costs and timing of
future exploration, results of future exploration and drilling,
production and processing estimates, capital and operating cost
estimates, timelines and similar statements relating to the
economic viability of the Brucejack Project, timing and receipt of
approvals, consents and permits under applicable legislation, the
Company's executive compensation approach and practice, and
adequacy of financial resources. Wherever possible, words such as
"plans", "expects", "projects", "assumes", "budget", "strategy",
"scheduled", "estimates", "forecasts", "anticipates", "believes",
"intends" and similar expressions or statements that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved, or the negative forms of any
of these terms and similar expressions, have been used to identify
forward-looking statements and information. Statements concerning
mineral resource estimates may also be deemed to constitute
forward-looking information to the extent that they involve
estimates of the mineralization that will be encountered if the
property is developed. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance are not statements of historical fact and may be
forward-looking information.
Forward-looking information is subject to a variety of known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ from those expressed or implied
by the forward-looking information, including, without limitation,
those risks identified in Pretivm's prospectus supplement to the
short form base shelf prospectus dated March 19, 2012 filed on
SEDAR at www.sedar.com and in the United States through EDGAR at
the SEC's website at www.sec.gov. Forward-looking information is
based on the expectations and opinions of Pretivm's management on
the date the statements are made. The assumptions used in the
preparation of such statements, although considered reasonable at
the time of preparation, may prove to be imprecise. We do not
assume any obligation to update forward-looking information,
whether as a result of new information, future events or otherwise,
other than as required by applicable law. For the reasons set forth
above, prospective investors should not place undue reliance on
forward-looking information.
Neither the TSX nor the NYSE has approved or disapproved of the
information contained herein.
Contacts: Pretium Resources Inc. Robert Quartermain President
and Chief Executive Officer (604)558-1784 Pretium Resources Inc.
Michelle Romero Corporate Relations Director
(604)558-1784invest@pretivm.com www.pretivm.com
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