TORONTO–(BUSINESS WIRE)–Morganti Legal, P.C., announces on July 20, 2017, the Ontario Superior Court of Justice authorized the investor in the class action styled Wong v. Pretium Resources (CV-13-00491800-CP) to proceed with a section 138.3 Securities Act cause of action against Pretium Resources Inc. and Robert A. Quartermain.

The plaintiff alleges that Pretium Resources Inc. (“Pretium”) (TSX: “PVG”) released documents that contained misrepresentations by omitting Strathcona Mineral Services Ltd.’s findings about the validity of the Mineral Resource Estimate and Feasibility Study for Pretium’s Brucejack gold mine, as it was during the summer of 2013.

A copy of the Court’s reasons for granting leave may be found here.

Investors who purchased shares of Pretium between July 23, 2013 and October 21, 2013, are encouraged to stay informed and protect their rights. You may contact Morganti Legal at (647) 344-1900 or by email at info@morgantilegal.com for further information.

This press release is being issued pursuant to statutory law and is not intended as Attorney Advertising.

The focus of the investigation concerns the unauthorized and unannounced allocation of the Company’s capital to Turcolt Resources Madencilik Anonim Sirketi (“Turcolt”) and it’s banking institution in Turkey. We are also investigating the circumstances as to why Nikolas Perrault was unexpectedly replaced without any reasons or releasing a Material Change Report about the same.

On November 30, 2016, Colt released its 3Q 2016 Financial Statement and MD&A. For the first time, these documents disclosed that on or about July 13, 2016, Colt made a C$0.74 million equity investment in Turcolt, a Turkish-based and incorporated company with no operations and the shareholder agreement supporting the ownership interest was unknown. The Company also announced a net loss of C$4.06 million for the nine months ended September 30, 2016, it had C$2.96 cash “held by Turcolt with a local Turkish bank”, and did not have sufficient capital to meet its needs for the next twelve months. On February 15, 2017, the TSX Venture Exchanged halted trading of Colt’s securities.

Any person with information about Colt Resource’s allocation of capital to and investment in Turcolt are encouraged to contact Morganti Legal. Confidentiality will be respected. Investors who purchased Colt Resource’s securities between July 13, 2015 and November 30, 2016, are also encouraged to stay informed. You may contact us at (647) 344-1900 or by email at info@morgantilegal.com for further information.

Morganti Legal is a law firm that investigates, litigates and resolves economic and financial disputes. You may learn more about Morganti Legal at www.morgantilegal.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.