Business
Perpetua Resources Announces Pricing of Public Offering of Common Shares
Perpetua Resources Announces Pricing of Public Offering of Common Shares Canada...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n \n \n \n Perpetua Resources Announces Pricing of Public Offering of Common Shares\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 BOISE, Idaho\n \n ,\n \n Aug. 13, 2021\n \n /CNW/ -\n \n Perpetua Resources Corp.\n \n (Nasdaq: PPTA) (TSX: PPTA)\n \n \n (\"Perpetua Resources\" or the \"Company\") today announced the pricing of its previously announced underwritten marketed public offering in\n \n the United States\n \n and\n \n Canada\n \n of 9,523,810 common shares at a price to the public of\n \n US$5.25\n \n per share (the \"Offering\"). All of the shares to be sold in the Offering are to be sold by Perpetua Resources.\n \n \n In addition, Perpetua Resources has granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,428,572 common shares representing up to 15% of the number of common shares to be sold pursuant to the Offering, to cover the underwriters' over-allocation position, if any, and for market stabilization purposes. The gross proceeds to Perpetua Resources from the Offering, before deducting the underwriting commissions and other Offering expenses, will be approximately\n \n US$50 million\n \n .\n \n \n The Company expects to use the net proceeds of the Offering to continue permitting, early restoration and field operations, engineering and design at the Stibnite Gold Project and for general corporate purposes.\n \n \n B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation are acting as joint book-running managers for the Offering.\n \n \n In connection with the Offering, Perpetua Resources has filed a preliminary prospectus supplement dated\n \n August 12, 2021\n \n (the \"Preliminary Prospectus Supplement\") to its base shelf prospectus dated\n \n April 1, 2021\n \n (the \"Base Shelf Prospectus\") to offer securities in each of the provinces of\n \n Canada\n \n , except\n \n Quebec\n \n . The Base Shelf Prospectus was filed with, and declared effective by, the U.S. Securities and Exchange Commission (\"SEC\") as part of a registration statement on Form F-10 under th...