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PERSEUS MINING LIMITED Capital/Financing Update 2016

Jul 19, 2016

46513_rns_2016-07-19_3c6525c7-42a1-44cd-aaa6-6d7375008c0d.pdf

Capital/Financing Update

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20 July 2016

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Perseus Successfully Completes A$102M Equity Raising

Not for release or distribution 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, 15 July 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, 25 July 2016 and trade on a normal settlement basis on the same day

Completion of Equity Raising

Perseus Mining Limited ( 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, 15 July 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, 25 July 2016 and will trade on the ASX on a normal settlement basis from Monday, 25 July 2016. Holding statements will be despatched on Tuesday, 26 July 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.

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To discuss any aspect of this announcement, please contact:

Managing Jeff Quartermaine at telephone +61 8 6144 1700 or email
Director/CEO: [email protected] (Perth)
Investor Relations: Cathy Moises at telephone + 61 412196350 or email
[email protected] (Perth/Melbourne)
Media Relations: Nathan Ryan at telephone +61 4 20 582 887 or email[email protected] (Melbourne)

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.

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