BUZZ-Perpetua Resources falls after launching stock offering

Reuters

2024/11/18

** Shares of Perpetua Resources PPTA.O fall 4.3% to $10.14 premarket

** PPTA launches public offering of 3.4 mln shares that are worth $36.5 mln as of last close

** BMO Capital Markets and National Bank of Canada Financial Markets are the joint lead book-running managers for the offering

** PPTA plans on using the proceeds for down payments on materials and engineering for its Stibnite gold project

** Co has 66.6 mln outstanding shares for $707.4 mln market capitalization - LSEG data

** As of last close, PPTA shares have more than tripled YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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