Perpetua Resources (Nasdaq: PPTA) (TSX: PPTA) announced Wednesday that it has entered into an agreement with National Bank of Canada Financial Markets and BMO Capital Markets, on behalf of themselves and a syndicate of underwriters who have agreed to purchase 22,728,000 common shares of the company for $13.20 per share for $300 million.
National Bank of Canada Financial Markets and BMO Capital Markets are acting as joint lead bookrunning managers for the offering. In connection with the Offering, Paulson & Co. has entered into an agreement to purchase $100 million of common shares.
Perpetua said it intends to use the proceeds for the development of the company’s Stibnite Gold project in Idaho that is being fast-tracked by the Trump administration, in conjunction with the application for up to $2 billion in project financing submitted to the Export-Import Bank of the United States (EXIM) in…
