Perseus Mining (ASX:PRU) to acquire Exore Resources
[videojs_hls url=’//du7x25at22z7c.cloudfront.net/276042/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines01_360_200603.jpg’]
Perseus Mining (ASX:PRU) will acquire junior Exore Resources in a $64 million all scrip deal.
If implemented, Exore shareholders will receive 1 Perseus share for every 12.79 Exore shares held.
The acquisition will see the $1.6 billion Perseus take control of Exore's Bagoe project in the Ivory Coast.
It has a JORC compliant resource of 90,000 ounces of gold as an indicated mineral resources and 440,000 ounces classified as an inferred mineral resource.
Shares in Perseus Mining (ASX:PRU) are trading 10.6 per cent lower at $1.20.
Copyright 2020 – Finance News Network
Source: Finance News Network
