Hunton Represents Perpetua Resources in $71M Public Offering and Concurrent $7M Private Placement
Hunton Andrews Kurth LLP represented Perpetua Resources in connection with a public offering of 2,938,000 Common Shares, at a price to the public of $24.25 per Common Share for gross proceeds of $71.2 million and a concurrent private placement of 280,415 Common Shares for additional proceeds of $6.8 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. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined reserves of antimony in the United States.
Hunton partners Joanna Enns and Phil Haines led the deal team with the assistance of corporate associates Fatima Anjum, Kaitlyn Thorson, Field Daniel and Mary Corinne Archer. Partner Henry Havre advised on opinion matters, partner Will Freeman handled tax issues and partner Martin Stratte and counsel Karma Brown handled Environmental matters.
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