On August 17, 2021, Perpetua Resources Corp. (Nasdaq:PPTA; TSX:PPTA) (“Perpetua Resources”) announced the completion of its underwritten marketed public offering (the “Offering”) for gross proceeds of US$50 million. On August 26, 2021, Perpetua Resources further announced that B. Riley Securities, Inc. and Cantor Fitzgerald Canada Corporation have exercised in full the over-allotment option to purchase an additional 1,428,572 common shares at a price of US$5.25 per common share for gross proceeds approximately US$7.5 million, bringing the aggregate gross proceeds of the Offering to approximately US$57.5 million.
Perpetua Resources, through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project.
Miller Thomson advised Perpetua Resources on the transaction with a team led by Lucy Schilling (Capital Markets & Securities) and comprised of Gosia Piasecka (Capital Markets & Securities) and Dezarae Senft (Corporate/M&A).
