Perseus Mining

Canaccord Genuity acts as Joint Lead Manager and Underwriter to a A$45 million warrant underwrite for Perseus Mining Limited

Canaccord Genuity is pleased to announce that it has underwritten approximately 103 million outstanding warrants exercisable at A$0.44 per share, raising gross proceeds of approximately A$45 million on behalf of Perseus Mining Limited (“Perseus”) (ASX: PRU). Canaccord Genuity acted as Joint Lead Manager and Underwriter to the transaction, which was significantly oversubscribed and received strong support from existing and new institutional and sophisticated investors.

The proceeds of the capital raise will be used to fund exploration activities and the development of the Yaouré Gold Mine in Cote d’Ivoire.

Perseus is a diversified West African-focused gold production, development and exploration company. Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018 when it poured first gold at its Sissingué Gold Mine in Cote d’Ivoire. Sissingué is Perseus’ second gold mine, having previously developed the Edikan Gold Mine in Ghana. Perseus completed a positive Definitive Feasibility Study for a third gold mine at the Yaouré Gold Mine in Cote d’Ivoire, in November 2017. Its growth strategy aims to transform the Company into a 500,000 oz per year gold producer with three operating mines in West Africa by 2022. The Company is researched by Canaccord, through Reg Spencer.

The corporate finance transaction team comprised Duncan St John, Carl Henschke, Christian Calabrese and Stefan Collins. Support was provided by our sales teams in Australia, North America and the UK.