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Pretium closes US$16.2M private placement

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Pretium closes US$16.2M private placement

said March 31 thatit has closed its previously announced nonbrokered private placement to Orion Co-InvestmentsII (ED) Ltd. and Zijin Mining GroupCo. Ltd. after raising gross proceeds of US$16.2 million.

Zijin for 2,786,849 Pretiumcommon shares while Orion subscribed for 752,906 shares, totaling an aggregate 3,539,755issued common shares at US$4.58 per common share.

Pretium willuse the proceeds from the private placement to fund the development of the project, and forworking capital during startup and general corporate purposes.