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Perpetua Resources Closes US$425 Million Financing as part of Comprehensive Financing Package for Stibnite Gold Project
Perpetua Resources Closes US$425 Million Financing as part of Comprehensive Financing Package for...
About this update from Perpetua Resources Corp.
[{"type":"text","content":"\n\n\n\n Perpetua Resources Closes US$425 Million Financing 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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n BOISE, Idaho\n \n\n ,\n \n\n June 16, 2025\n \n\n /CNW/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) (\"Perpetua Resources\" or \"Perpetua\" or the \"Company\") announced today that it has closed its previously announced upsized\n \n US$325 million\n \n public offering of 24,622,000 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\"). Concurrently with the closing of the Offering, the Company closed its\n \n US$100 million\n \n private placement of 7,575,757 Common Shares to Paulson & Co. Inc.  (the \"Private Placement\").\n \n\n National Bank of Canada Financial Markets and BMO Capital Markets acted as joint lead bookrunning managers for the Offering. RBC Capital Markets and Cantor Fitzgerald & Co. acted as joint bookrunning managers, and B. Riley Securities, CIBC Capital Markets, H.C. Wainwright & Co., Roth Capital Partners and Scotiabank acted as co-managers for the Offering.\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 successfully completing the due diligence and underwriting process. If the due diligence process is successful, the Company ...