Brief: Perseus Mining Announces Intention To Make Takeover Bid For Orecorp

Orecorp

22/01/2024 03:54

Jan 22 (Reuters) - Perseus Mining  PRU.AX : 
    * 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

Source text for Eikon:  ID:nASX7pHtkb 
Further company coverage:  ORR.AX