Update on Orca Acquisition
Update on Orca Acquisition
PERTH, Western Australia, April 21, 2022 -- On February 28, 2022, Perseus Mining Limited (“Perseus”) (ASX/TSX:PRU)
announced that it had entered into a definitive agreement with Orca Gold Inc. (“Orca”) (TSXV: ORG) to acquire all of the
outstanding common shares of Orca not already owned by Perseus, by way of a statutory plan of arrangement under the
Canada Business Corporations Act (the “Arrangement”).
A special meeting of Orca shareholders is scheduled to be held on May 16, 2022 to consider the Arrangement. Relevant
materials, including an Information Circular, intended to assist Orca shareholders in their consideration of the matters to be
decided at the meeting, were despatched to Orca shareholders on April 20, 2022. The meeting materials are available on
Orca’s profile on www.sedar.com and on Orca’s website www.orcagold.com.
Assuming the requisite approvals are obtained at the meeting, completion of the Arrangement is expected to occur on May 19,
2022.
In anticipation of a favourable vote at the shareholder meeting, the management of Perseus and Orca have been working
closely together since the date of the announcement to plan the integration of the two companies to enable activities directed
at developing Orca’s Block 14 Gold Project, to commence as soon as practical.
This announcement was approved for release by the Jeff Quartermaine, Managing Director and Chief Executive
Officer.
ASX/TSX CODE: PRU
REGISTERED OFFICE:
Level 2
437 Roberts Road
Subiaco WA 6008
Telephone: +61 8 6144 1700
Email: [email protected]
ABN: 27 106 808 986
WWW.PERSEUSMINING.COM
CONTACTS:
Jeff Quartermaine
Managing Director & CEO
Nathan Ryan
Media Relations
+61 4 20 582 887
Claire Hall
Corporate Communications