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Perseus Mining Executes A$45m Underwriting Agreement for Warrants

15 Apr 2019  |  09:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Perseus executes underwriting agreement for warrants

Perseus Mining announced that it has entered into an underwriting agreement (Agreement) with Canaccord Genuity (Australia) (Canaccord) and Hartleys to jointly underwrite the exercise of 102,538,227 Perseus warrants expiring on 19 April 2019 and exercisable at A$0.44 each. The total amount that could potentially be raised from the exercise of the underwritten warrants is A$45m (before expenses). Funding from the warrants strengthens the Company's balance sheet, and together with the announced US$150m corporate debt facility, existing cash and future cash flows, ensures the Company is positioned to fund the development of its third gold mine, the Yaoure Gold Mine in Cote d'Ivoire, as well as further exploration activities and other growth initiatives.

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