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| Home : Pretivm Announces Exercise of Participation Rights by Orion Mine Finance |
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Mar 12
2016 |
Pretivm Announces Exercise of Participation Rights by Orion Mine Finance |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 11, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that Orion Co-Investments II (ED) Limited ("Orion") will subscribe for 752,906 Pretivm common shares (the "Common Shares") at a price of US$4.58 per Common Share in a non-brokered private placement (the "Private Placement"). Pursuant to a subscription agreement dated September 15, 2015 between Orion and the Company, Orion is entitled to maintain its proportionate ownership interest in the Company by participating pro rata in issuances of our common shares. Orion has exercised such rights in connection with the Company's public offering of common shares that closed on March 1, 2016 (the "Offering"). The total number of Pretivm common shares issued in connection with the Private Placement and the Offering will be 29,136,906 common shares for aggregate gross proceeds to Pretivm of US$133,447,029. |
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| Source:http://www.marketwired.com/mw/release.do?id=2105113&sourceType=3 |
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