Mining News

Perseus goes hunting for Orca

Dual listed gold miner Perseus Mining has made a takeover offer for TSX-V listed Orca Gold Inc, to acquire all of the outstanding common shares of Orca.

Perseus, which owns a 15% interest in Orca, was offering .56 Perseus shares for every Orca share held, and based on Perseus’ last closing price, the offer implied a consideration of some C$0.896 per Orca share representing a premium of 62.9% to the last closing price of Orca shares.

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