Home / Mining Company News Releases (Unreviewed) / Perseus Extends Its UK Depositary Interest Facility

Perseus Extends Its UK Depositary Interest Facility

PERTH, WESTERN AUSTRALIA–(Marketwired – April 17, 2017) –


On April 18, 2016 the scheme of arrangement between Perseus Mining Limited (ASX:PRU) (TSX:PRU) (“Perseus”) and Amara Mining plc (AIM:AMA) (“Amara”) and its shareholders (“the Scheme”) became effective.

Extension of Depositary Interest Facility

Perseus arranged a Depositary Interest facility for UK settlement until April 18, 2017, which was 12 months from the Scheme Effective Date, pending an examination by Perseus of the merits of obtaining a Standard Listing of its ordinary shares on the Official List of the UK Listing Authority (a “London listing”) to complement its existing share listings on the Australian Stock Exchange and the Toronto Stock Exchange. As announced earlier, Perseus is still examining the merits of a London Listing. In view of that, Perseus has decided to extend the settlement arrangement for investors to hold Depositary Interests for a period of 12 months until April 18, 2018.

If Perseus decides not to seek a London listing before April 18, 2018 it may cancel the Perseus DIs. If this cancellation takes place, shareholders will receive Perseus shares to replace their DIs.

If a holder has an existing relationship or account with a broker, they may wish to contact that broker to establish whether they have a facility to allow the holder to hold and trade the Perseus shares and warrants and to discuss what procedures would need to be followed to put such a facility in place.

Warrant trading

As part of the Scheme consideration, unlisted Perseus warrants were issued to Amara shareholders. Although unlisted, the warrants can be traded by way of off-market transfers. From time to time, Perseus receives enquiries from parties asking whether Perseus is aware of any parties who may be interested in acquiring or selling warrants, as the case may be. If requested by relevant parties, Perseus is willing to assist by putting the parties in contact with each other to enable them to discuss a possible sale and purchase.

Please note that putting parties in contact with each other does not constitute investment advice or a recommendation as to selling or buying the warrants. Perseus will not get involved in any dealings between those parties, including, without limitation, giving any views on valuation, and Perseus does not receive a fee or commission for introducing interested parties.

]]>To discuss any aspect of this announcement, please contact:
Investor Relations:
Cathy Moises
+ 61 412196350
[email protected]

Media Relations:
Nathan Ryan
+61 4 20 582 887
[email protected]



Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2138084. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.