21/05/2008 - 15:05

Perseus sources $15m through placement

21/05/2008 - 15:05

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Balcatta based Perseus Mining Ltd is sourcing $15 million through a planned share placement.

Perseus sources $15m through placement

Balcatta based Perseus Mining Ltd is sourcing $15 million through a planned share placement.

Funds from the placement will be used to continue exploration, drilling and feasibility studies on its projects in Ghana and Ivory Coast.

A total of over 10.7 million shares will be placed at an issue price of $1.40 each to institutional clients of BGF Capital Group Pty Ltd and Helmsec Global Capital Ltd.

The placement will be completed in two tranches, with the first tranche of 1,239,000 shares being completed later this week and the balance of 9,475,286 shares being issued after a shareholders meeting scheduled for 16 June 2008.

 

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