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Perseus Successfully Completes A$102M Equity Raising

Marketwired

PERTH, WESTERN AUSTRALIA--(Marketwired - July 19, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Highlights

  • Perseus successfully completes its A$102 million Equity Raising by way of a Placement and 1 for 10 pro rata accelerated non-renounceable Entitlement Offer

  • Retail Entitlement Offer closed on Friday, July 15, 2016 and raised a total of A$7.7 million at A$0.50 per New Share

  • New Shares under the Retail Entitlement Offer will be allotted on Monday, July 25, 2016 and trade on a normal settlement basis on the same day

Completion of Equity Raising

Perseus Mining Limited (PRU.TO)(PRU.TO) (Perseus or the Company) is pleased to announce the successful completion of its Retail Entitlement Offer, which completes its Equity Raising as announced on Monday, 20 June 2016.

The Retail Entitlement Offer, which closed on Friday, July 15, 2016, raised approximately A$7.7 million through a 1 for 10 pro rata non-renounceable entitlement offer at A$0.50 per New Share. Perseus received valid applications from Eligible retail shareholders for a total of approximately A$6.8 million. The remaining A$0.9 million not taken up by Eligible retail shareholders has been placed to various investors who demonstrated strong support for the Placement and Entitlement Offer.

New Shares issued under the Retail Entitlement Offer will be allotted on Monday, July 25, 2016 and will trade on the ASX on a normal settlement basis from Monday, July 25, 2016. Holding statements will be despatched on Tuesday, July 26, 2016.

Additional information

Nothing contained in this announcement constitutes investment, legal, tax or other advice. You should seek appropriate professional advice before making any investment decision.

This announcement has been prepared for publication in Australia and Canada and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.