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Perpetua Resources Announces Pricing of Offering of Common Shares for Gross Proceeds of $35 million
Perpetua Resources Announces Pricing of Offering of Common Shares for Gross Proceeds of $35 milli...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n\n Perpetua Resources Announces Pricing of Offering of Common Shares for Gross Proceeds of $35 million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n BOISE, Idaho\n \n\n ,\n \n\n Nov. 18, 2024\n \n\n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or the \"Company\") today announced the pricing of its previously announced public offering of 3,439,465 shares of its common stock (the \"Common Shares\") in\n \n the United States\n \n ( the \"Offering\") at a price to the public of\n \n US$10.17\n \n .\n \n\n The gross proceeds to Perpetua Resources from the Offering, before deducting commissions and expenses and other Offering expenses, will be approximately\n \n $35 million\n \n , or approximately\n \n $40 million\n \n if the Underwriters exercise the Option (as defined below) in full.\n \n\n The Company expects to use the net proceeds of the Offering for down payments on long lead time materials, detailed engineering for its Stibnite Gold Project, and general corporate purposes.\n \n\n The Common Shares will be offered by the Company with BMO Capital Markets and National Bank of Canada Financial Markets acting as joint lead book-running managers, RBC Capital Markets and Cantor acting as joint book-running managers and B. Riley Securities, H.C. Wainwright & Co. and Roth Capital Partners acting as co-managers (collectively, the \"Underwriters\").\n \n\n Perpetua Resources has also granted the Underwriters an option (the \"Option\") to purchase up to an additional 515,919 Common Shares representing up to 15% of the number of Common Shares to be sold pursuant to the Offering.  The Option is exercisable for a period of 30 days from the date of the Underwriting Agreement, dated\n \n November 18, 2024\n \n , between Perpetua Resources and BMO Capital Markets as representative of the several Underwriters (the \"Underwriting Agreement\").\n \n\n The Offering is expected to close on or about\n \n November 20, 2024\n \n . Closing of the Offering will be subject to a number of customary conditi...