Monday, November 21, 2016

Perseus Mining Limited - PRU.t

Perseus Mining Limited - PRU.t produces from the Edikan Gold Mine in Ghana, which has produced approximately 200,000 ounces of gold per year since 2012.

Leading projects include the Sissingué and Yaoure under development in Côte d’Ivoire.

On June 22, 2016 the company released News

"Perseus Mining Ltd. has successfully completed its placement and the institutional component of its one-for-10 pro rata accelerated non-renounceable entitlement offer (institutional entitlement offer) launched on Monday, June 20, 2016.

The placement and institutional entitlement offer closed on Wednesday, June 22, 2016, and received strong demand from both existing and new institutional shareholders, raising a total of approximately $94.3-million (Australian) at 50 Australian cents per new share.

The placement of approximately 122.3 million shares raised a total of approximately $61.2-million (Australian) and has allowed Perseus to introduce several new highly respected global institutions, which has broadened the depth and quality of the company's register. The institutional entitlement offer raised approximately $33.1-million (Australian) and was strongly supported by existing institutional shareholders, who took up approximately 85 per cent of their entitlements.

New shares issued under the institutional entitlement offer and placement will rank equally with existing shares on issue and are expected to be allotted on Friday, July 1, 2016. Trading will commence on a normal settlement basis on the Australian Securities Exchange (ASX) on the same day.