Perseus to Acquire 15% Interest in Orca Gold
PERTH, Western Australia, Jan. 30, 2022 (GLOBE NEWSWIRE) — Perseus Mining Limited (“Perseus” or the “Company”) (ASX/TSX:PRU) is pleased to announce that it has agreed to acquire a 15% interest in Orca Gold Inc (“Orca”) from Resolute Mining Limited (“RSG”). Orca is a gold developer, listed on the TSX Venture Exchange (“TSX-V”). Its key assets include a 70% interest in the Block 14 Gold Project (“Block 14”) in northern Sudan and a 31.5% interest in Montage Gold Corp (“Montage”), which owns the Koné Gold Project in northern Côte d’Ivoire.
Perseus has agreed to acquire 39,092,233 million common shares in Orca from RSG representing 15% of Orca’s common shares on issue (the “RSG Share Acquisition”). The RSG Share Acquisition was executed at a price of approximately 44.8 Canadian cents per Orca share representing the 10-day VWAP of Orca...
