Perseus Increases Investment In Predictive To 19.9%

2024-09-05 07:15:48

(MENAFN- GlobeNewsWire - Nasdaq) Perth, Sept. 06, 2024 (GLOBE NEWSWIRE) --

Perseus Mining Limited (ASX/TSX:PRU) ( Perseus or the Company ) is pleased to announce that it has increased its relevant interest in the issued shares of Predictive Discovery Limited (ASX:PDI) ( Predictive ) to 19.9%.

As part of funding the acquisition of this increased stake in Predictive, Perseus has applied the proceeds raised from the unwinding of its previously announced cash settled equity swap position in Predictive1.

Further details of Perseus's interests in Predictive will be set out in a Form 604 Notice of Change of Substantial Interest to be released on the ASX platform.

Subject to there being no actual or proposed material change in the shareholding of Predictive (including a change of control proposal) or the actions of Predictive, Perseus has no current intention to acquire control or make a takeover offer for Predictive.

This market announcement was authorised for release by Jeff Quartermaine, Managing Director and CEO.

ASX/TSX CODE: PRU
CAPITAL STRUCTURE:
Ordinary shares: 1,376,196,513
Performance rights: 7,055,212
REGISTERED OFFICE:
Level 2
437 Roberts Road
Subiaco WA 6008
Telephone: +61 8 6144 1700

DIRECTORS:
Mr Rick Menell
Non-Executive Chairman
Mr Jeff Quartermaine
Managing Director & CEO
Ms Amber Banfield
Non-Executive Director
Ms Elissa Cornelius
Non-Executive Director
Mr Dan Lougher
Non-Executive Director
Mr John McGloin
Non-Executive Director

CONTACTS:
Jeff Quartermaine
Managing Director & CEO
...
Stephen Forman
Investor Relations
+61 484 036 681
...
Nathan Ryan
Corporate Relations
+61 420 582 887
...

1 See Perseus announcement titled“Perseus Makes Strategic Investment in Predictive” dated 14 August 2024.

MENAFN05092024004107003653ID1108642647

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.