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.