/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
PERTH, Western Australia, June 15 /CNW/ - Perseus Mining Limited ("Perseus" or the "Company") (ASX: PRU, TSX:PRU) refers to its previous news release dated 4 June 2010 and announces that it has now completed the issue of 5,078,337 shares at A$1.94 each for gross proceeds of A$9.85 million in a private placement managed by BGF Equities Pty Ltd.
This completes the capital raising for gross proceeds of A$140.8 million first announced on 9 April 2010 to fund the on-going exploration and development of the Company's West African gold properties, particularly the Central Ashanti Gold Project, and for general working capital purposes.
Mark Calderwood, Managing Director
This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the ordinary shares in any state in which such offer, solicitation or sale would be unlawful. The ordinary shares have not been registered and will not be registered under the 1933 Act, or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from the registration requirements is available.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This press release contains forward-looking information which is based on assumptions and judgments of management regarding future events and results. Such forward-looking information includes but is not limited to information with respect to the use of proceeds from share issues.
Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the receipt of all required approvals and permits for development of the Central Ashanti Gold Project, changes in the fiscal regime in Ghana, actual results of exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable.
Forward-looking information is based upon reasonable assumption and in providing the forward-looking information in this news release, assumptions have been made regarding, among other things, the price of gold, results of future exploration, completion of a definitive feasibility study at Tengrela and the ability of the Company to operate in a safe, efficient and effective manner.
Readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Perseus Mining Limited
For further information: For further information: Perseus Mining Limited (ACN 106 808 986), 30 Ledgar Road, Balcatta, Western Australia, 6021, PO Box 717, Balcatta, WA, 6914, Telephone: (618) 9240 6344, Facsimile: (618) 9240 2406, Email: firstname.lastname@example.org, Website: www.perseusmining.com