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Message: Pretium Closes Second Tranche Of $5 Mln Flow-Through Share Private Placement; Shares Up 5%

 

2017-07-14 03:34:04 PM ET (MT Newswires)
   
   

03:34 PM EDT07/14/2017 (MT Newswires) -- Pretium Resources (PVG.TO) said Friday that it has closed the second tranche of the non-brokered private placement announced June 26 for 329,000 flow-through common shares at $15.20 each for gross proceeds of $5 million.

The second and final tranche of the placement consists of 132,000 flow-through shares for gross proceeds of about $2 million.

The proceeds of the offering will be used to fund grassroots exploration approximately 20 kilometers east of the company's Brucejack gold mine in British Columbia. The 2017 program will follow up on results obtained from last year's grassroots exploration program.

Pretium shares opened at $12.20 Friday, compared to $11.92 at previous close, but declined to an intra-day low of $12.09 right after market open. Pretium shares then touched a peak of $12.41 in the morning, and is now back at $12.20.

Price: 12.20, Change: +0.28, Percent Change: +2.35

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