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PERSEUS MINING LIMITED — Capital/Financing Update 2008
Oct 29, 2008
46513_rns_2008-10-29_b982255a-612b-4bf0-b6b4-aa6e3d83615c.pdf
Capital/Financing Update
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29 October 2008
The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000
Dear Sir
Perseus Mining Limited refers to its trading halt dated 28th October and the references therein to finalisation of capital raising plans. The Company had been approached by a Sydney-based institutional stockbroking firm with a view to having that firm place securities with its clients. However, those negotiations were not concluded to the Company’s satisfaction and the Company has terminated discussions.
The Company’s Quarterly report is scheduled to be released before the end of the week. It will show that as at 30 September 2008, there were cash assets of $11.3 million. This is sufficient to satisfy its current budget and the termination of the abovementioned negotiations is of no detriment to the Company going forward.
Yours faithfully
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Mark Calderwood Managing Director
Perseus Mining Limited ABN 27 106 808 986 30 Ledgar Road, Balcatta, Western Australia 6021 PO Box 717 Balcatta WA 6914 Telephone: (618) 9240 6344 Facsimile: (618) 9240 2406 Email address: [email protected] Website: www.perseusmining.com
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