Perseus Mining completes $3.5m capital raising

Balcatta-based mineral explorer Perseus Mining Ltd has completed a $3.5 million capital raising to fundraise for feasibility studies on the company's Ghanaian and Cote d'Ivoire gold tenements.

The company expects to complete a placement worth $6.5 million later this week.

The full text of a company announcement is pasted below

The Directors of Perseus Mining Ltd are pleased to confirm that the prospectus offer of 8.9 million shares at a price of 40 cents each, together with 4,450,000 free attaching unlisted options (exercisable at 50 cents each on or before 29 February 2008) to raise a total of $3.56 million has been completed. The allotment and issue of the securities has taken place today.

The Company is also in the process of concluding the placement offer of securities previously announced on 5 December 2006 to raise a further $6.5 million. This is expected to be completed by the end of this week.