IKN

a plague o both your houses

The buyer in that weird Pretium (PVG) (PVG.to) flow-through placement

Pretium (PVG) is a copmany that burns $5m in about a week and a half, so its recent $5m flow through placement struck this humble corner of cyberspace as weird…what are these people doing raising $5m when they normally go for chunks of 50 large at a time? Anyway, the first tranche closed on June 6th
“Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm” or the “Company”)
is pleased to announce that it has closed the first tranche of the
previously announced non-brokered private placement offering of 437,000
flow-through common shares (“Flow-Through Shares”) of Pretivm at a price
of C$11.45 per share for gross proceeds of approximately C$5 million
(the “Offering”). The first tranche consists of 260,000 Flow-Through
Shares for gross proceeds of approximately C$2.98 million. continues here
…and now the deal is filed we get a little more light shone upon the gig:
Ahhhh, those guys….well, nothing weird or underhand or back-scratching or favour-giving or hush-hush going on there. For sure.

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