Perseus Mining (TSE:PRU), a West African gold explorer and miner, completed a Can$81.25 million equity offering.
The offering, 25 million ordinary shares at Can$3.25 each, was underwritten by a syndicate of underwriters co-led by Clarus Securities Inc., Dundee Securities Ltd. and CIBC World Markets Inc.
Funds will be used to develop the Sissingue gold deposit at the Tengréla Gold project, as well as for general corporate purposes.
The project, located in Ivory Coast on the border with Mali, has indicated resources of 0.9Moz and inferred resources totalling 0.3Moz.
Perseus Mining also runs the Edikan Gold Mine in Ghana.