10:26 AM EST - Pretium Resources Inc. : Has closed the previously announced sale of the Snowfield property to KSM Mining ULC, a wholly-owned subsidiary of Seabridge Gold Inc. Under the terms of the Agreement, Pretivm has received US$100 million in cash, and will receive further consideration comprised of the following: A 1.5% net smelter royalty in respect to all production from Snowfield. A $20-million U.S. contingent cash payment payable within six months of the earlier of KSM Mining (or a parent company) completing a bankable feasibility study which includes production of reserves from Snowfield or the commencement of commercial production from Snowfield or any part of Snowfield. Pretium Resources Inc.
shares T.PVG are trading up $0.64 at $15.16.
