Perseus Mining Limited
ASX : PRU
TSX : PRU

Perseus Mining Limited

April 18, 2016 08:03 ET

Perseus Mining Limited: Amara Business Combination Scheme Effective

PERTH, WESTERN AUSTRALIA--(Marketwired - April 18, 2016) -

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Perseus Mining Limited (ASX:PRU)(TSX:PRU) announced earlier today that the High Court of Justice in England and Wales sanctioned the scheme of arrangement between Amara Mining plc (AIM:AMA) ("Amara") and its shareholders ("Scheme"), in relation to the business combination of Perseus and Amara.

Amara has today confirmed that the Scheme was registered with the Companies House. Accordingly, the Scheme is now effective.

With effect from today, Peter Cowley, Alex Davidson, Hendrik Faul, Peter Hain and Geoff Stanley have resigned as non-executive directors of Amara. John McGloin and Pete Gardner will resign as directors of Amara after delisting of Amara from AIM. For further details please refer to the announcement released by Amara today, available at: http://www.amaramining.com/news/regulatory-announcements/.

Perseus has relied upon the "Interlisted Exemption" in section 602.1 of the TSX Company Manual.

Please see Perseus's announcement of April 11, 2016 for further details of the indicative timetable for the remaining steps to implement the Scheme.

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