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Perseus Mining completes A$102M equity raising

Perseus MiningLtd. said July 20 that it has raised A$102 million from anequity raising,following the completion of a A$7.7 million 1-for-10 retail rights offer July 15.

The company said valid applications from eligible retailshareholders totaled about A$6.8 million, while other investors took up theremaining A$900,000.

The completion came after the company about A$94.3 million from aprivate placement to institutional investors.

Proceeds from the equity raising will be used for theYaoure goldproject and Sissingue gold project in Ivory Coast, as well as forworking capital, exploration and general corporate purposes.