Perseus Mining Boosts Stake in Australia-listed Predictive Discovery to 19.9%-February 2024-www.financetom.com

Perseus Mining Boosts Stake in Australia-listed Predictive Discovery to 19.9%

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Perseus Mining Boosts Stake in Australia-listed Predictive Discovery to 19.9%

Sep 6, 2024 3:20 AM

06:12 AM EDT, 09/06/2024 (MT Newswires) -- Perseus Mining ( PMNXF ) late on Thursday said it has increased its stake in Predictive Discovery, an Australia-listed company focused on identifying and developing gold deposits, to 19.9%.

To help fund the investment, Perseus used proceeds raised from the unwinding of a cash settled equity swap position in Predictive.

Perseus said it doesn't intend to acquire control of Predictive Discovery or make a takeover offer for the company.

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