AI assistant
PERSEUS MINING LIMITED — Capital/Financing Update 2008
May 20, 2008
46513_rns_2008-05-20_a786feab-ed11-4961-b76e-a162f1237cdb.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [274 x 84] intentionally omitted <==
21 May 2008
The Manager Company Announcements Office ASX Ltd 4th Floor, 20 Bridge Street SYDNEY, NSW 2000
Dear Sir
$15,000,000 SHARE PLACEMENT TO INSTITUTIONAL INVESTORS
Perseus Mining Limited (the “Company”) (ASX code: PRU) is pleased to announce that it has agreed to a placement issue of shares to raise $15,000,000. 10,714,286 shares will be placed at an issue price of $1.40 each to institutional clients of BGF Capital Group Pty Ltd and Helmsec Global Capital Ltd. The placement will be completed in two tranches. The first tranche comprising 1,239,000 shares will be completed later this week and the balance of 9,475,286 shares will be issued after a shareholders meeting scheduled for 16 June 2008.
The placement funds will be applied by Perseus to continue its intensive exploration drilling campaign on its projects in Ghana and Ivory Coast and to continue its feasibility work on the Ayanfuri and Grumesa gold projects in Ghana.
Yours faithfully
==> picture [118 x 50] intentionally omitted <==
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
F:\PUBLIC\Perseus Mining Limited\Corporate\ASX\2008\ASX 210508 (Share Placement).doc