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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