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Posted by ipso facto @ 7:14 on December 9, 2014  

Chinese firm Zijin Mining buys C$81m stake in BC based Pretium

TORONTO (miningweekly.com) – China’s largest gold miner Zijin Mining has agreed to buy a 9.9% stake in British Columbia-based Pretium Resources, which is working to advance the high-grade Brucejack gold project in the province’s north, for C$80.87-million.

Vancouver-based Pretium said on Monday that it would issue to Zijin 12.84-million common shares at C$6.30 apiece, which would constitute a significant portion of the planned equity component of the financing required to bring the Brucejack project into production.

more http://www.miningweekly.com/article/chinese-firm-zijin-mining-buys-c81m-stake-in-bc-based-pretium-resources-2014-12-09

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.