Sun Valley Gold LLC
LSE : TTM

March 14, 2016 09:42 ET

Form 8.3 - Perseus Mining Limited

                                                                           FORM 8.3

       PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY 
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
            Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION


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(a) Full name of discloser:                    Sun Valley Gold LLC           
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(b) Owner or controller of interests and                                    
    short positions disclosed, if different                                 
    from 1(a):                                                                       
    The naming of nominee or vehicle companies                                
    is insufficient. For a trust, the                                   
    trustee(s), settlor and beneficiaries must 
    be named.                                
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(c) Name of offeror/offeree in relation to     Perseus Mining Limited        
    whose relevant securities this form 
    relates:                                
    Use a separate form for each 
    offeror/offeree                                
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(d) If an exempt fund manager connected with                                
    an offeror/offeree, state this and specify                                  
    identity of offeror/offeree:                                                
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(e) Date position held/dealing undertaken:     14 March 2016                 
    For an opening position disclosure, state                                
    the latest practicable date prior to the                                        
    disclosure                                                                  
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(f) In addition to the company in 1(c) above,  NO                            
    is the discloser making disclosures in                                      
    respect of any other party to the offer?                                    
    If it is a cash offer or possible cash                                
    offer, state "N/A"                                                                 
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2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror 
or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates 
following the dealing (if any)


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Class of relevant security:                     Ordinary Shares             
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                                           Interests        Short positions 
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                                        Number        %      Number     %   
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(1) Relevant securities owned         31,831,781     6.01                   
    and/or controlled:                                                          
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(2) Cash-settled derivatives:                                               
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(3) Stock-settled derivatives                                               
    (including options) and                                           
    agreements to purchase/sell:                                                           
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                                      31,831,781     6.01                   
TOTAL:                                                                      
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All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell 
relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)


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Class of relevant security in relation                                      
to which subscription right exists:                                         
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Details, including nature of the                                            
rights concerned and relevant                                               
percentages:                                                                
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 
copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales


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 Class of relevant    Purchase/sale        Number of        Price per unit  
      security                             securities                       
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(b) Cash-settled derivative transactions


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    Class of       Product       Nature of dealing      Number of    Price per unit
    relevant     description   e.g. opening/closing a   reference                  
    security       e.g. CFD     long/short position,    securities                 
                               increasing/reducing a                               
                                long/short position                                
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(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying


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   Class of     Product      Writing,    Number of     Exercise       Type      Expiry   Option money
   relevant   description  purchasing, securities to  price per       e.g.       date       paid/    
   security    e.g. call     selling,   which option     unit      American,             received per
                 option    varying etc.   relates                European etc.               unit    
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(ii) Exercise


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    Class of       Product       Exercising/     Number of    Exercise price
    relevant     description      exercised      securities      per unit   
    security      e.g. call        against                                  
                    option                                                  
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(d) Other dealings (including subscribing for new securities)


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 Class of relevant  Nature of dealing       Details       Price per unit (if
      security      e.g. subscription,                       applicable)    
                        conversion                                          
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4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements


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Details of any indemnity or option arrangement, or any agreement or         
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the person 
making the disclosure and any party to the offer or any person acting in    
concert with a party to the offer:                                          
Irrevocable commitments and letters of intent should not be included. If    
there are no such agreements, arrangements or understandings, state "none"  
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None                                                                        
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(b) Agreements, arrangements or understandings relating to options or derivatives


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Details of any agreement, arrangement or understanding, formal or informal, 
between the person making the disclosure and any other person relating to:  
(i)  the voting rights of any relevant securities under any option; or      
(ii) the voting rights or future acquisition or disposal of any relevant    
securities to which any derivative is referenced:                           
If there are no such agreements, arrangements or understandings, state      
"none"                                                                      
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None                                                                        
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(c) Attachments


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Is a Supplemental Form 8 (Open Positions) attached?                  NO     
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Date of disclosure:                   14 March 2016                         
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Contact name:                         Linda Kish                            
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Telephone number:                     +61 208 726 2399                      
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Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed 
to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for 
consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

Contact Information

  • Sun Valley Gold LLC