Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has gained 51.03% of the current and to be issued ordinary shares in OreCorp Ltd and has declared its off-market takeover offer is now unconditional and ‘best and final’ in the absence of a competing proposal.
As a result, Perseus will not increase the current offer consideration of $0.575 per OreCorp share and has declared the offer free of all conditions.
OreCorp holds the pre-development Nyanzaga Gold Project in Tanzania, which is now in line to come under Perseus Mining’s wing and add to its suite of producing, pre-development and exploration assets in Africa.
“Pleased with response”
Perseus chairman and chief executive officer Jeff Quartermaine said: “We are pleased with the positive response from OreCorp shareholders and to be able to declare the offer unconditional and best and final.
“The offer provides compelling benefits and value to OreCorp…
