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Perpetua Resources Announces US$300 Million Bought Deal Financing and US$100 Million Private Placement as part of Comprehensive Financing Package for Stibnite Gold Project
Perpetua Resources Announces US$300 Million Bought Deal Financing and US$100 Million Private Plac...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n Perpetua Resources Announces US$300 Million Bought Deal Financing and US$100 Million Private Placement as part of Comprehensive Financing Package for Stibnite Gold Project\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.prntal{\nTEXT-ALIGN: LEFT\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 June 11, 2025\n \n\n /CNW/ -\n \n Perpetua Resources Corp.\n \n (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or the \"Company\") announced today that it has entered into an agreement with National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters (the \"Underwriters\") under which the Underwriters have agreed to purchase, on a bought deal basis, 22,728,000 common shares, no par value, of the Company (the \"Common Shares\") at a price of\n \n US$13.20\n \n per Common Share (the \"Offering Price\") for aggregate gross proceeds of approximately\n \n US$300 million\n \n (the \"Offering\"). National Bank of Canada Financial Markets and BMO Capital Markets are acting as joint lead bookrunning managers for the Offering. In connection with the Offering, Paulson & Co. Inc. has entered into an agreement to purchase\n \n US$100 million\n \n of Common Shares in a private placement (the \"Private Placement\") at the Offering Price.\n \n\n The Company intends to use the proceeds of the Offering and the Private Placement as part of a comprehensive financing package for the development of the Company's Stibnite Gold Project (the \"Project\") in conjunction with the previously announced application for up to\n \n US$2 billion\n \n in project financing submitted to the Export-Import Bank of\n \n the United States\n \n (\"EXIM\") in May 2025.  The Company intends to designate the proceeds of the Offering and the Private Placement toward equity requirements for the EXIM debt financing, with any additional funds intended to support exploration activities, working capital and general corporate purposes. EXIM's due diligence on the Company's application is ongoing and is conditional upon suc...