Perseus Mining takeover bid update

Perseus Mining Limited (ASX: $PRU) has fulfilled the defeating condition to its off-market takeover bid for OreCorp Limited (ASX: $ORR) as declared in the notice dated 18 March 2024. The potential breach of the no regulatory action condition no longer applies to the offer, making it free of that condition.

Executive Commentary

Perseus Mining Limited (ASX: $PRU) gives notice that the defeating condition to the takeover bid for OreCorp Limited has been fulfilled. The potential breach of the no regulatory action condition no longer applies to the offer, and Perseus is not currently aware of any other occurrence that would cause the condition to be breached. This notice is in accordance with section 630(4) of the Corporations Act 2001 (Cth).

Summary of Takeover Bid Fulfillment

Perseus Mining Limited (ASX: $PRU) has successfully fulfilled the defeating condition to its takeover bid for OreCorp Limited, as declared in the notice dated 18 March 2024. The potential breach of the no regulatory action condition no longer applies to the offer, making it free of that condition. Perseus is confident that there are no other occurrences expected to cause a breach of the condition. This update marks a significant development in the ongoing takeover bid process, demonstrating Perseus Mining's commitment to the acquisition and its progress towards the completion of the offer.