NCMGF - Newcrest to buy Pretium Resources for C$18.50 in cash and shares

Pretium Resources (NYSE:PVG) +19.2% post-market after Newcrest Mining (OTCPK:NCMGY) agrees to acquire the company in a cash and stock deal valued at ~C$3.5B. Newcrest is offering Pretium shareholders either C$18.50 cash or 0.8084 Newcrest shares for each Pretium share held. The price represents a premium of 23% and 29% to the closing price and the 20-day volume weighted average price, respectively, of Pretium shares on the Toronto Stock Exchange. Pretium is the owner of the Brucejack operation in the highly prospective Golden Triangle region of British Columbia. Pretium shares recently reached a YTD high after announcing a new high-grade gold exploration discovery at the Brucejack property.

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Newcrest to buy Pretium Resources for C$18.50 in cash and shares