LOS ANGELES, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all purchasers of the securities of Pretium Resources, Inc. ("Pretium" or the "Company") (NYSE:PVG) between January 19, 2011 and October 21, 2013, inclusive (the "Class Period'), have until December 24, 2013, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.
A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER OR IF YOU PURCHASED SHARES BEFORE THE CLASS PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Pretium engages in the acquisition, exploration and development of precious metal resource properties in the Americas. One of the Company's main mineral resource projects is an advanced stage gold-silver exploration project focused on exploration of mineral reserves in the Valley of Kings ("VOK") zone in northwestern British Columbia. Pretium engaged Strathcona Mineral Services Ltd. as independent "Qualified Persons" to oversee the Valley of the Kings bulk sample program and prepare a report at the conclusion of the project concerning mineral resource estimates.
The Complaint alleges that the defendants misrepresented or failed to disclose that:
- The mineral resources, potential mineral reserves and potential gold production in the VOK zone were exaggerated.
- The Company's sampling methodology for the Valley of the Kings Bulk Sample Program was unreliable and misleading.
On October 22, 2013, Pretium announced the withdrawal of Strathcona from the Valley of the Kings Bulk Sample Program before any results from the processing of the bulk sample were available. According to the Company, Strathcona also advised Pretium that statements included in all recent press releases by Pretium about probable mineral reserves and future gold production from the Valley of the Kings zone over a 22-year mine life are "erroneous and misleading."
To learn more about this action or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
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CONTACT: Glancy Binkow & Goldberg LLP, Los Angeles, CA Michael Goldberg (888) 773-9224 Glancy Binkow & Goldberg LLP, New York, NY Gregory Linkh (212) 682-5340 email@example.com www.glancylaw.com
Source:Glancy Binkow & Goldberg LLP