https://www.miningweekly.com

Pretium launches C$5m flow-through financing following first Brucejack gold pour

27th June 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – Canadian gold miner Pretium Resources has negotiated a nonbrokered private placement consisting of 329 000 flow-through common shares at C$15.20 each, for gross proceeds of about C$5-million.

The company, which last week announced that first gold has been poured at its flagship Brucejack mine, in British Columbia, will use the proceeds from the offering to undertake grassroots exploration about 20 km east of the Brucejack mine.

The 2017 programme will follow up on results from the 2016 grassroots exploration campaign, the company advised.

Pretium said the offering will close in two tranches, after documentation has been finalised and pending regulatory approvals, including that of the TSX.

Flow-through shares allow for the money raised through the sale of such shares for Canadian exploration expenses, to be renounced by the company and flowed through in favour of the buyers of the shares, making it a tax efficient vehicle for investors.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.06 0.938s - 110pq - 2rq
Subscribe Now