Abcourt To Acquire Pershimex Resources Corporation In All Securities Transaction
11/21/22, 8:10 PM
Location
rouyn-noranda
Industry
mineral
mining
mineral
mining
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX-V: ABI) and Pershimex Resources Corporation (TSX-V: PRO) (“Pershimex”) are pleased to announce that they have entered into a definitive Amalgamation agreement on November 18, 2022 (the “Merger Agreement”), pursuant to which Abcourt has agreed to acquire all of the issued and outstanding common shares of Pershimex (the “Pershimex Shares”) to create one of the largest property portfolios amongst gold explorers across major gold districts in Québec and massive diversified emerging gold producer and explorer in Québec (the “Transaction”). The Transaction is being carried out by way of a three-cornered amalgamation (the “Amalgamation”) under the Canada Business Corporations Act.
Company Info
Location
Rouyn-Noranda, Quebec, Canada
Company info
Abcourt Mines Inc. is a gold producer and a Canadian exploration corporation with strategically located properties in northwestern Québec, Canada. Abcourt owns the Sleeping Giant mill and mine where it concentrates its activities.