Perseus Mining, an Australian mining company, completed the acquisition of a 15% in OreCorp, a development and exploration company. Financial terms were not disclosed. “Perseus continues to assess and, where considered commercially appropriate, deploy its reserves of cash, bullion and undrawn debt facilities totalling approximately US$900 million, to pursue opportunities that complement its existing asset portfolio and our organic growth programme.Acquiring the 15.03% interest in OreCorp via this share acquisition is a strategic investment for Perseus. It provides an investment in an attractive African gold project located in a jurisdiction that has a long and successful history of gold mining,” Jeff Quartermaine, Perseus Chairman.