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Perseus increases investment in Predictive to 19.9%

2024-09-05T23:05:44Z

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

www.perseusmining.com

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
[email protected]

Stephen Forman
Investor Relations
+61 484 036 681
[email protected]

Nathan Ryan
Corporate Relations
+61 420 582 887
[email protected]

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