Pershing Gold Corporation. (PGLC) to Offer Common Stock

December 1, 2016 4:09 PM EST
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Pershing Gold Corporation (NASDAQ: PGLC) announced that it intends to offer and sell shares of its common stock in an underwritten public offering. All of the shares of common stock to be sold in the offering will be offered by Pershing Gold. Pershing Gold also intends to grant the underwriters a 45-day option to purchase additional shares of its common stock in an amount up to 15% of the shares sold in the offering on the same terms and conditions to cover over-allotments. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Pershing Gold intends to use the net proceeds from the offering for advancing the Relief Canyon project, capital expenditures, working capital and general corporate purposes.

Laidlaw & Company (UK) Ltd. will act as the sole book-running manager for the offering.



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