Business
ABCOURT to Acquire PERSHIMEX RESOURCES CORPORATION in all Securities Transaction
(TheNewswire) Rouyn-Noranda and Val-d’Or, Canada – TheNewswire - ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"ABCOURT to Acquire PERSHIMEX RESOURCES CORPORATION in all Securities Transaction \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Rouyn-Noranda and Val-d’Or,\nCanada –\n \n \n TheNewswire\n-\n \n \n November 21, 2022 –\n \n \n Abcourt Mines Inc.\n(“Abcourt” or the “Corporation”) (TSXV:ABI)\n \n \n and Pershimex Resources Corporation\n(TSXV:PRO)\n \n \n (“\n \n \n Pershimex\n \n \n ”)\n \n \n are pleased to announce that they have entered into a\ndefinitive Amalgamation agreement on November 18, 2022\n(the “\n \n \n Merger\n \n \n Agreement\n \n \n ”),\npursuant to which Abcourt has agreed to acquire all of the issued and\noutstanding common shares of Pershimex (the “\n \n \n Pershimex Shares\n \n \n ”)\nto create one of the largest property portfolios amongst gold\nexplorers across major gold districts in Québec and massive\ndiversified emerging gold producer and explorer in Québec (the\n“\n \n \n Transaction\n \n \n ”). The Transaction is being carried out by way of a\nthree-cornered amalgamation (the “\n \n \n Amalgamation\n \n \n ”)\nunder the\n \n \n Canada Business\nCorporations Act\n \n \n .\n \n \n \n \n As part of the Transaction,\n \n \n Abcourt intends to complete a share consolidation on the\nbasis of seven for one (\n \n \n 7:1\n \n \n ) common shares of Abcourt\n \n \n (“\n \n \n Abcourt\nShares\n \n \n ”)\n \n \n (the\n“\n \n \n Consolidation\n \n \n ”).\n \n \n The proposed Consolidation will\nreduce the number of outstanding Abcourt Shares from\n \n \n \n \n 348,814,130\n \n \n to 49,830,590.\n \n \n In addition, Abcourt\nintends to change its name to “\n \n \n \n \n Infinitas Gold inc. / Infinitas Or\ninc.\n \n \n ” and its trading symbol to “IN” (the\n“\n \n \n Name Change\n \n \n ”).\n \n \n \n \n The Consolidation and Name Change are subject to the\nTSX Venture Exchange’s (“\n \n \n TSX-V\n \n \n ”) approval and Abcourt shareholders’\napproval. Abcourt shareholders\n \n \n will be asked to\nvote on\n \n \n resolutions approving the Consolidation\nand Name Change at the upcoming annual and special shareholders\nmeeting to be held on December 20, 2022.\n \n \n...