Perseus To Acquire Exore Via Share Transaction

  • Jun 03, 2020 AEST
  • Team Kalkine

Perseus Mining Limited (ASX:PRU)  announces that it is set to acquire Exore Resources Limited (ASX: ERX) in an all share transaction; and,

  • The transaction, if sails through, would see Exore shareholders receiving 1 share of PRU for every 12.79 existing share in ERX; and,
  • Exore Board unanimously recommends that Exore shareholders vote in favour of the Scheme;
  • Based on PRU’s 10 trading day volume-weighted average price (or VWAP), Scheme Consideration values Exore at a fully diluted equity value of $59.8 million or $0.098 per share.


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