On December 2, Pershing Gold announced the pricing of its previously announced public offering. The company will raise approximately 7.5 million from the offering in which 2,205,883 shares at $3.40/share will be offered to the public.
The money collected from the public offering will be used for advancing the Relief Canyon project, capital expenditures, working capital and generate corporate purposes.
Laidlaw & Company is the sole book-running manager for the offering while Euro Pacific Capital Inc., Rodman & Renshaw, and ROTH Capital Partners, LLC acted as financial advisors to the Company.[color=blue][/color]