Pretium Resources Secures Shareholder Approval Of Acquisition By Newcrest Mining

Pretium Resources Inc. (TSX: PVG) announced on Thursday that its shareholders have approved the previously announced acquisition by Newcrest Mining Limited. The arrangement was voted in favor by 95.48% of the shareholders present during the special meeting.

Shareholders who elected for the all-cash consideration will get $10.81 in cash and 0.3357 Newcrest shares per Pretivm share, while those who chose the all-share consideration will receive 0.8084 Newcrest shares per Pretivm share.

Those who did not elect any preferred consideration will automatically get $9.25 in cash and 0.4042 Newcrest shares per Pretium share.

In November, the companies entered into a binding agreement for Newcrest to acquire all outstanding shares of Pretium. The offer came in at $18.50 in cash or 0.8084 Newcrest shares per Pretium share. The total equity value pursuant to the transaction is approximately $3.5 billion on a fully diluted basis.

Pretium Resources last traded at $18.30 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Newcrest Mining Closes Pretium Resources Acquisition, Expects $15-$20 Million Annual Synergy Benefits

Newcrest Mining Limited (TSX: NCM) announced today the closing of the transaction to acquire Pretium...

Wednesday, March 9, 2022, 09:34:00 AM

The Golden Triangle: British Columbia’s Exploration Hotbed

In recent years mining investors have been hearing a lot about one of the world’s...

Sunday, July 19, 2020, 11:00:00 AM

Pretium Resources Intersects 72.5 G/T Gold Over 53.5 Metres At Golden Marmot Zone

Pretium Resources Inc. (TSX: PVG) announced yesterday morning initial assays from the 2021 drill program...

Tuesday, October 26, 2021, 01:24:00 PM

Pretium Resources Sells Snowfield Property For US$100 Million, Records Significant Impairment In Process

Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced that it has agreed to sell...

Friday, December 4, 2020, 07:50:23 AM

Pretium Resources Announces Departure of CFO From Firm

Pretium Resources (TSX: PVG) (NYSE: PVG) this morning announced the departure of its chief financial...

Monday, August 31, 2020, 09:55:26 AM