Perseus Mining raises $140M equity in June qtr

Company News

Perseus Mining Ltd (ASX:PRU) has raised $140 million in equity capital during the quarter, through placements to Canadian and Australian investors, and a share purchase plan at $1.94 per share.

In addition, the gold miner completed the issue of 1.6 million fully paid ordinary shares to directors.

During the quarter, Perseus secured an $85 million line of credit for its Central Ashanti Gold Project in Ghana.

Perseus Mining reported a loss of $4.79 million for the year ending 30 June 2009.