Perseus Mining Limited (ASX:PRU) agreed to acquire 15.05% interest in Orca Gold Inc. (TSXV:ORG) from Resolute Mining Limited (ASX:RSG) for CAD 17.5 million on January 29, 2022. The RSG Share Acquisition was executed at a price of approximately CAD 0.4476 per Orca share. Simultaneous with the RSG Share Acquisition, Perseus has agreed to provide Orca with a $5 million (CAD 6.39 million) short term loan facility.

Sternship Advisers Pty Ltd. acted as financial advisor, Fasken Martineau DuMoulin LLP acted as legal advisor, Corrs Chambers Westgarth acted as legal advisor to Perseus Mining Limited. BMO Capital Markets acted as financial advisor and Blake, Cassels & Graydon LLP acted as legal advisor to Orca Gold Inc.