Pretium Resources closes US$115 million secondary offering by Silver Standard Resources

On April 8, 2011, Pretium Resources Inc. (TSX:PVG) ("Pretivm") announced that the previously announced secondary offering by its principal shareholder, Silver Standard Resources Inc. had completed and included the exercise in full of the over-allotment option granted to the syndicate of underwriters. The secondary offering consisted of an aggregate of 11,500,000 units at a price of $10.00 per unit for gross proceeds to Silver Standard of $115,000,000. Each unit consists of one common share of Pretivm owned by Silver Standard and one-half of one common share purchase warrant of Pretivm, with each whole warrant exercisable to purchase one common share of Pretivm owned by Silver Standard at a price of $12.50 per share for a period of 12 months following closing of the Secondary Offering.Fasken Martineau acted as Canadian counsel to Pretivm, with a team that included Josh Lewis, Georald Ingborg, Amanda MacAdams and Samuel Li (corporate/securities), assisted by student-at-law Barinder Sidhu.