11:47 AM EDT, 09/06/2024 (MT Newswires) -- Perseus Mining ( PMNXF ) late on Thursday said it raised 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.

Perseus Mining ( PMNXF ) shares were last seen down $0.06 to $2.18 on the Toronto Stock Exchange.

Price: 2.18, Change: -0.06, Percent Change: -2.68