perseus will raise up to $138 owns 19.9%byr

PERSEUS TO RAISE UP TO $138M

Aspiring gold miner Perseus Mining will raise up to $138 million via a Canadian share offer, an Australian placement and a share purchase plan.

The jointly-listed company will raise as much as CAD$91m ($96.8m) in a share offering through its listing on the Toronto Stock Exchange.

Under the terms of the deal, the company will place 44 million new shares at CAD$1.80 for CAD$79.2m with underwriters having the option to buy an additional 6.6 million shares.

The company will also place 15 million new shares in Australia and a maximum seven million new shares being issued through a share purchase plan both at $1.94.