Perseus Mining lodges court approval of Exore acquisition with ASIC

Perseus will gain a dominant gold landholding in Cote d’Ivoire following the acquisition of Exore with 2,000 square kilometres of exploration ground within trucking distance to the Sissingué operations.

Following the lodgement, Exore’s shares have been suspended from trading on the ASX

Perseus Mining Ltd (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) has moved another step closer to completing its acquisition of Exore Resources Ltd (ASX:ERX) (OTCMKTS:NLIOF).

The company has today lodged the Supreme Court of Western Australia’s orders approving the scheme of arrangement with the Australian Securities and Investments Commission (ASIC), and accordingly, the scheme is now effective.

Following the lodgement, Exore’s shares have been suspended from trading on the ASX.

Indicative timetable

New Perseus shares will commence trading on ASX on a deferred settlement basis tomorrow, Thursday, September 17 2020.

The scheme record date is 5:00pm (WST) Friday, September 18 2020 and the scheme is expected to be implemented on Friday, September 25 2020.

ASX has advised that the new Perseus shares will commence trading on ASX on a normal settlement basis on Monday, September 28 2020.

Quick facts: Perseus Mining Ltd

Price: 1.19 AUD

ASX:PRU

Market: ASX

Market Cap: $1.46 billion

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on 19/10/20