Business
Perseus Mining Delivers Superior Proposal for Predictive Discovery
PERSEUS DELIVERS SUPERIOR PROPOSAL TO ACQUIRE PREDICTIVE DISCOVERY PERTH, Western Australia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) is pleased to announce that it has delivered a definitive binding offer (Perseus Binding Offer) to acquire all of the issued shares in Predictive Discovery Limited (ASX: PDI) (Predictive) that it does not already own (Predictive Shares) via an Australian scheme of arrangement (Proposed Transaction or Scheme).
About this update from Perseus Mining Limited
[{"type":"image","alt":"Perseus Mining Limited","displaySize":"","headline":null,"caption":"Perseus Mining Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":90,"url":"https://media.zenfs.com/en/globenewswire.com/1ebab97d9b52113977839e9b806addd4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9HMq4b3jzm4VWshYVx2zwQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1ebab97d9b52113977839e9b806addd4","width":300,"height":90}},"lazy":false},{"type":"text","content":"PERSEUS DELIVERS SUPERIOR PROPOSAL TO ACQUIRE PREDICTIVE DISCOVERY","length":66,"tagName":"p"},{"type":"text","content":"PERTH, Western Australia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) is pleased to announce that it has delivered a definitive binding offer (Perseus Binding Offer) to acquire all of the issued shares in Predictive Discovery Limited (ASX: PDI) (Predictive) that it does not already own (Predictive Shares) via an Australian scheme of arrangement (Proposed Transaction or Scheme). Perseus currently holds 17.8% of the Predictive ordinary shares outstanding.","length":510,"tagName":"p"},{"type":"text","content":"The consideration under the Perseus Binding Offer is 0.1360 new Perseus ordinary shares (Perseus Shares) for every 1 Predictive Share held. Based on the closing price of Perseus of A$5.72 on the ASX on December 2, 2025 (being the last close prior to this announcement), the Perseus Binding Offer implies consideration of A$0.778 per Predictive Share which represents premiums of:","length":379,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"24.5% to the closing price of Predictive on the ASX on December 2, 2025 (being the last close prior to this announcement); and","length":126,"tagName":"p"}]},{"val":[{"type":"text","content":"34.8% to the 10-day volume weighted average price (VWAP) of Predictive on the ASX up to December 2, 2025.","length":105,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":231,"olType":false},{"type":"text","content":"Perseus has been informed that Predictive’s Board of Directors, in consultation with Predictive’s financial and legal advisors, has unanimously determined that the Perseus Binding Offer constitutes a “Superior Proposal” as defined in the arrangement agreement da...