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VANCOUVER, British Columbia, Feb. 27, 2022 (GLOBE NEWSWIRE) — Pretium Resources Inc. (NYSE:PVG) (“Pretivm” or the “Company”) today announced that all regulatory approvals required to close the previously announced acquisition of the Company by Newcrest Mining Limited (ASX/TSX/PNGX: NCM) (“Newcrest”) by way of a plan of arrangement (the “Transaction”) have now been received.
The receipt of approval under the Investment Canada Act on February 25, 2022 was the final regulatory approval required to close the Transaction and the Transaction is expected to be completed on or about March 9, 2022, subject to the fulfillment of the other customary closing conditions to the Transaction. Following completion of the Transaction , Pretivm expects to cease to be a reporting issuer and that its shares will be delisted from the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”).
“We would like to thank our employees and contractors for their hard work and contributions to the successful development and operation of the Brucejack Mine and most importantly for embracing our values starting with Safety First” said Jacques Perron, President & CEO of Pretivm. “We continue to believe this transaction provides an excellent outcome for Pretivm and its employees, our shareholders, our First Nations partners and local communities in northwest British Columbia and was only possible with the support of all including our Board of Directors.”
Additional information regarding the terms of the Transaction are set out in the Company’s management information circular dated December 16, 2021 which is available under Pretivm’s profile at www.sedar.comon EDGAR at www.sec.gov and on the Company’s website at www.pretivm.com/investors/Newcrest-Transaction.
About Pretivm
Pretivm is an intermediate gold producer with the 100%-owned, high-grade gold underground Brucejack Mine located in northwestern BC. We strive for operating excellence and our first priority is the health and safety of our employees, contractors and neighbouring communities. We are committed to the principles of sustainable development and conducting our activities in an environmentally and socially responsible manner.
Pretivm Contact
Premium Resources Inc.
Troy Shultz, Director, Investor Relations & Corporate Communications
(604) 558-1784
invest@pretivm.com
Media Contact
Alan Bayless, Longview Communications and Public Affairs
604-417-9645
abayless@longviewcomms.ca
Premium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(SEDAR filings: Pretium Resources Inc.)
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