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Abcourt Mines announces that the merger with Pershimex is expected to close within a few days
ROUYN-NORANDA, Quebec, April 24, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces that the closing of the m
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":" ROUYN-NORANDA, Quebec, April 24, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Company”) (TSX Venture: ABI) announces that the closing of the merger with Pershimex Resources Corporation (“Pershimex”), previously announced on November 21, 2022, is expected to proceed by May 15, 2023 (“Effective Date”). Pursuant to an amended merger agreement between the parties, Pershimex shareholders will receive on the Effective Date 0.5712 non-consolidated Abcourt common share for each Pershimex common share held. Thus, on the Effective Date, 1.7507 commons shares of Pershimex will be exchanged to obtain one (1) common share of Abcourt. Pershimex shareholders will receive the same value of consideration announced in the management information circular of Pershimex dated November 18, 2022, and approved at Pershimex's last annual and special meeting of shareholders. The merger with Pershimex is subject to the final approval of the TSX Venture Exchange. Pascal Hamelin, President and CEO of Abcourt, said: “We would like to welcome the shareholders of Pershimex. Together, we can grow our assets, and mutually benefit from this merger. » ABOUT ABCOURT MINES INC. 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. For further information, please visit our website at www.abcourt.com , and consult our filings under Abcourt's profile on www.sedar.com, or contact: Pascal HamelinPresident and CEOT: (819) 768-2857E: [email protected] Dany Cenac Robert, Investor RelationsReseau ProMarket Inc.,T: (514) 722-2276, post 456E: [email protected] FORWARD-LOOKING INFORMATION Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “seeks”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, “could”, “might”, “likely” or variations of such words, or statements that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “will be taken”, “occur”, “be achieved” or other similar expressions. Forward-looking statements, including the ex...