Jan 22 (Reuters) - Perseus Mining (PRU) : ANNOUNCES INTENTION...

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    Jan 22 (Reuters) - Perseus Mining (PRU) :

    • ANNOUNCES INTENTION TO MAKE TAKEOVER BID FOR ORECORP
    • DEAL FOR CASH CONSIDERATION OF A$0.55 PER ORECORP SHARE
    • ON COMPLETION OF DEAL PERSEUS WILL HAVE THREE OPERATING MINES PRODUCING GOLD AT RATE OF OVER 535,000 OUNCES PER YEAR IN FY2023
    • OFFER IMPLIES A TOTAL ORECORP EQUITY VALUE OF APPROXIMATELY A$258M
    • OFFER WILL BE FUNDED FROM PERSEUS’S EXISTING CASH AND BULLION RESERVES
 
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