Drill core from Pretium's Brucejack Project

Drill core from Pretium's Brucejack Project

Pretium Resources (PVG:TSX) announces it has entered into a $10 million financing with Liberty Mutual Insurance at a price of $9.35 per share.  The proceeds are to be used to advance the company’s impressive Brucejack project in British Columbia.

Readers recall, Liberty Mutual invested $23.5 million into Dr. Mark O’Dea’s True Gold Mining (TGM:TSX).  It appears the Boston-based money manager is backing junior resource companies with best in class teams and assets.  This gives a boost in confidence to a battered junior resource sector which has seen lower prices and lower volumes for the past 2 to 3 years.

News Release here: Pretium Announces Strategic Investment by Liberty Metals & Mining