Perpetua Resources prices $71M share offering and $7M private deal

* Perpetua Resources (NASDAQ:PPTA [https://seekingalpha.com/symbol/PPTA]) priced [https://seekingalpha.com/pr/20283506-perpetua-resources-announces-pricing-of-71-million-offering-of-common-shares-and-7-million] its previously announced public offering of ~2.94M shares, no par value at a price to the public of $24.25 per share.
* Agnico has indicated that it intends to exercise its pro rata participation right with respect to the offering in a concurrent private placement at the public offering price of the offering.
* Participation in full would result in the issuance of an additional 288,200 common shares for proceeds to the company of $7M.
*
Gross proceeds will be ~$71.2M and will be ~$78.2M if Agnico exercises if participation right is execised.

* Net proceeds will be used to fund the construction and development of the Stibnite Gold Project, working capital costs exceeding the project capital costs, continuing exploration and development activities, restoration and reclamation work, and for general corporate purposes.

MORE ON PERPETUA RESOURCES CORP.

* Perpetua Resources: Idaho Facilities Nearing Development, Supported By Vibrant Gold And Antimony [https://seekingalpha.com/article/4817564-perpetua-resources-idaho-facilities-nearing-development-vibrant-gold-antimony]
* Seeking Alpha’s Quant Rating on Perpetua Resources Corp. [https://seekingalpha.com/symbol/PPTA:CA/ratings/quant-ratings]
* Historical earnings data for Perpetua Resources Corp. [https://seekingalpha.com/symbol/PPTA:CA/earnings]
* Financial information for Perpetua Resources Corp. [https://seekingalpha.com/symbol/PPTA:CA/income-statement]