Perseus Completes Bought Deal Offering

Perseus Mining Limited completed a bought deal offering of 25,000,000 ordinary shares on November 2, 2011, and a subsequent issuance of 3,750,000 ordinary shares upon the exercise of the over-allotment option on November 14, 2011, for gross proceeds of $93,437,500.

The syndicate of underwriters was co-led by Clarus Securities Inc., Dundee Securities Ltd. and CIBC World Markets Inc., and included Macquarie Capital Markets Canada Ltd., BMO Nesbitt Burns Inc., Cormark Securities Inc. and Canaccord Genuity Corp.

The offering was conducted as a prospectus offering in Canada and a private placement in the United States.

Perseus Mining (ASX and TSX: PRU) is an Australian-based corporation with a focus on under-explored gold belts in West Africa (Ghana and Côte d'Ivoire).

Perseus intends to use the net proceeds of the offering for the development of the Sissingue gold deposit at the Tengréla Gold Project, which is located in Côte d'Ivoire.

Perseus was represented in Canada by Lawson Lundell LLP with a team comprising Joanna Cameron and Lana Shipley (securities) and Leonard Glass (tax); and in the US by Edwin Maynard and Katharine Ruth Wahl (securities) of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

The syndicate of underwriters was represented by McMillan LLP with a team comprising of Hellen Siwanowicz and Jason Chertin (securities); Herb Ono (US securities) and Michael Friedman (tax).


Herbert I. Ono Michael Friedman Edwin S. Maynard Hellen Siwanowicz Leonard A. Glass Lana Shipley Jason A. Chertin Joanna Cameron


Lawson Lundell LLP Paul, Weiss, Rifkind, Wharton & Garrison LLP McMillan LLP