Perseus Mining Limited
TSX : PRU
ASX : PRU

Perseus Mining Limited

March 20, 2016 19:00 ET

Perseus Mining Limited - Amara Business Combination Scheme Document

PERTH, WESTERN AUSTRALIA--(Marketwired - March 21, 2016) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Perseus Mining Limited (ASX:PRU)(TSX:PRU) is pleased to announce that the attached Scheme Document in relation to the business combination of Perseus and Amara Mining plc (AIM:AMA) ("Amara") was posted to Amara's shareholders on March 18, 2016. Amara is incorporated in the United Kingdom and the combination is being conducted by way of a UK court sanctioned scheme of arrangement.

In the Scheme Document, the Directors of Amara unanimously recommend that Amara's shareholders vote in favour of the combination. In addition, irrevocable undertakings and letters of intent have been received from Amara shareholders representing 37.96% of Amara's issued shares(1). The Amara shareholder meeting to vote on the Scheme is scheduled to be held on April 8, 2016 (UK time). Subject to Amara shareholder and UK court approval, it is expected that the Scheme will become effective on April 18, 2016 (UK time) and that Perseus shares and warrants will be issued to Amara shareholders on April 19, 2016.

For more detail on the transaction readers are referred to Perseus's announcements to the Australian Stock Exchange on Monday February 29, 2016 which, together with other transaction documents, has been posted on Perseus's web site www.perseusmining.com.

(1) Includes 352,110 shares issued to Amara non-executive directors on March 21, 2016.

To view the document "Scheme Document", please click on the following link:

http://media3.marketwire.com/docs/Scheme%20Document-Final.pdf

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