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BRIEF-Pershimex Resources Corp Says Entered Into A Non-Binding Letter Of Intent With Abcourt Mines Inc

reuters.com · 06/09/2022 14:37
BRIEF-Pershimex Resources Corp Says Entered Into A Non-Binding Letter Of Intent With Abcourt Mines Inc

- Abcourt Mines Inc ABMBF:

  • PERSHIMEX RESOURCES CORP - ENTERED INTO A NON-BINDING LETTER OF INTENT DATED JUNE 9, WITH ABCOURT MINES INC IN CONNECTION WITH A PROPOSED DEAL

  • PERSHIMEX RESOURCES CORP- IN CONNECTION OF PROPOSED TRANSACTION, PERSHIMEX WILL HAVE RIGHT TO APPOINT A DIRECTOR TO ABCOURT'S BOARD OF DIRECTORS

  • PERSHIMEX - IN ACCORDANCE WITH PROPOSED TRANSACTION, COMBINED CO WILL BE 81.2% OWNED BY ABCOURT SHAREHOLDERS AND 18.8% BY PERSHIMEX SHAREHOLDERS

  • PERSHIMEX - UNDER DEAL, AFTER ABCOURT'S REORGANIZATION, CO'S SHAREHOLDERS TO RECEIVE 0.5714 ABCOURT SHARES BEFORE CONSOLIDATION FOR EACH CO'S SHARE

Source text for Eikon: ID:nGNX8vHs4S

Further company coverage: ABMBF


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