Pretium Resources Inc (PVG) announce this morning that it has entered into a subscription agreement with Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Boston-based Liberty Mutual Insurance, to issue to LMM by way of a private placement 5,780,346 common shares of Pretium (the "Purchased Shares") at a price per share of C$6.92 for gross proceeds of approximately C$40 million (the "Offering"). Continue reading ->

Other investments by the LMM group in the past 12 months:

  1. $160M investment in Platinum Metals Group (PTM/ PLG) for a 19.95% (units at $0.80)
  2. $14.5M investment in Red Eagle Mining (RD) consisting of $8.3M for units @ $0.55 and $6.2M for a 2% NSR on the Santa Rosa asset.
  3. $40M investment in Alderon Iron Ore Corp (ADV) consisting of 14.9M units @ $2.67.

PVG press releaseStock Quote.