Overview of Perseus Mining's takeover bid extension for OreCorp Limited

Perseus Mining Limited (ASX: $PRU) has extended the offer period for its off-market takeover bid for all of the issued ordinary shares in OreCorp Limited (ASX: $ORR) until 7.00pm (Sydney time) on Friday, 19 April 2024. The extension and supplementary bidder's statement were lodged with the Australian Securities and Investments Commission and served on OreCorp, providing shareholders with an updated timeline for the offer.

Executive Commentary on Takeover Bid Extension

Perseus Mining is pleased to announce the extension of the offer period for the takeover bid of OreCorp Limited. The extension allows shareholders more time to consider and act on the offer. We are also pleased to provide an update on the regulatory approval process, indicating progress towards the Offer Approval at the next sitting of the Fair Competition Commission committee. We believe that the extension and progress on regulatory approval demonstrate our commitment to the acquisition and our confidence in the potential benefits for stakeholders.

Summary of Takeover Bid Extension and Outlook

Perseus Mining's extension of the offer period for the takeover bid of OreCorp Limited provides shareholders with an extended timeline to consider the offer. The progress towards regulatory approval further strengthens the company's position and commitment to the acquisition. Shareholders are encouraged to seek independent financial and taxation advice before deciding whether to accept the offer. The extension reflects Perseus Mining's confidence in the potential benefits for stakeholders and the company's commitment to the acquisition process. Shareholders are advised to stay informed about the offer and its implications for their investment decisions.