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Abcourt To Acquire Pershimex Resources Corporation In All Securities Transaction

PRIVATENov 21, 2022

Acquiring Company

Abcourt Mines

Acquired Company

Pershimex Resources Corporation

Rouyn-NorandaCanadaMiningMineralMiningMineral

Description

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.

Quick answer

Abcourt Mines is acquiring Pershimex Resources Corporation, announced November 21, 2022. Abcourt Mines is based in Rouyn-Noranda, Quebec, Canada.

How much did Abcourt Mines pay for Pershimex Resources Corporation?
The deal value was not disclosed.
What does Abcourt Mines do?
Abcourt Mines Inc. is a gold producer and exploration company whose mining properties are all located in the Abitibi region, province of Quebec, Canada.
Where are Abcourt Mines and Pershimex Resources Corporation based?
Abcourt Mines is based in Rouyn-Noranda, Quebec, Canada. Pershimex Resources Corporation is based in Canada.
Who are the decision-makers at Abcourt Mines?
Fundz holds 2 contacts at Abcourt Mines. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Abcourt Mines

Location

Rouyn-Noranda, Quebec, Canada

About

Abcourt Mines Inc. is a gold producer and exploration company whose mining properties are all located in the Abitibi region, province of Quebec, Canada. Its common shares are listed in Canada on the TSX Venture Exchange under the symbol ABI.V

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Frequently asked

Who acquired Pershimex Resources Corporation?

Pershimex Resources Corporation was acquired by Abcourt Mines, based in Rouyn-Noranda. The deal was reported on November 21, 2022. Abcourt Mines Inc. is a gold producer and exploration company whose mining properties are all located in the Abitibi region, province of Quebec, Canada. Abcourt Mines is privately held and operates in Mining.

When did Abcourt Mines acquire Pershimex Resources Corporation?

Abcourt Mines's acquisition of Pershimex Resources Corporation was reported on November 21, 2022. Abcourt Mines Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pershimex Resources Corporation do?

Pershimex Resources Corporation is a mining exploration and development corporation with projects located primarily in the Abitibi region of Québec, Canada, focusing on the discovery and development of high-grade gold deposits. It is privately held, operating in Mining, and is based in Canada.

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