Perth, Western Australia/ August 21, 2024/
Perseus Mining Ltd. is pleased to announce that on August 20, 2024, the Company entered into an agreement with BMO Nesbitt Burns Inc. , pursuant to which Perseus agreed to sell 33,000,000 common shares in the capital of TSX-V listed gold explorer and aspiring developer
Montage Gold Corp. to BMO at a price of C$1.86 per Common Share . The Montage Share Sale was executed by way of a bought deal to realise net proceeds of C$61.38 million . Perseus acquired the shares in Montage when it acquired
Orca Gold Inc. in May 2022. Orca's principal asset was a 70% interest in the Block 14 Gold Project in Sudan and the shareholding in Montage was considered by Perseus to be non-core. Immediately prior to entering into t...