Perseus Mining Limited has made a binding offer to acquire all outstanding shares of Predictive Discovery Limited that it does not already own. The offer is for 0.1360 new Perseus shares for every 1 Predictive share, with a premium of 24.5% to Predictive’s closing price. Perseus believes the acquisition will enhance its portfolio, increase production, and unlock the full potential of Predictive’s Bankan Gold Project in Guinea. As part of the offer, Perseus has also proposed a A$37 million loan facility to assist with various expenses. The offer is not subject to further pre-conditions and has been deemed a “Superior Proposal” by Predictive’s Board.

Perseus aims to acquire 100% of Predictive’s shares through the offer, with Predictive shareholders (excluding Perseus) expected to own approximately 18.4% of Perseus shares post-acquisition. The offer is subject to certain conditions, including independent expert approval, regulatory approvals, and shareholder approval. Perseus remains in compliance with confidentiality arrangements during the matching period with Robex Resources Inc. Perseus’s financial advisers for the transaction are Macquarie Capital and Sternship Advisers, with legal advisers from Corrs Chambers Westgarth and Stikeman Elliot LLP.

Read more at GlobeNewswire: Perseus Mining Delivers Superior Proposal for Predictive