Business
Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Services Agreement
Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Service...
About this update from Eskay Mining Corp
[{"type":"text","content":"\n \n \n \n Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Services Agreement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 26, 2024\n \n /CNW/ -\n \n Eskay Mining Corp.\n \n (\"Eskay\") (TSXV: ESK) (OTCQX: ESKYF) and\n \n P2 Gold Inc.\n \n (\"P2\") (TSXV: PGLD) (OTCQB: PGLDF) (together, the \"Companies\") report that they have agreed, due to market conditions, to terminate the non-binding letter of intent (the \"Letter Agreement\") dated\n \n June 4, 2024\n \n pursuant to which Eskay agreed to acquire P2 in a business combination transaction (\n \n see joint news release of Eskay and P2 dated\n \n June 4, 2024\n \n \n ).\n \n \n Concurrently with the execution of the Letter Agreement, the Companies signed an exploration services agreement (the \"Exploration Agreement\") under which P2 agreed to plan and execute an exploration program on the Eskay-Corey Property for the 2024 exploration season. The Companies have agreed to continue with the Exploration Agreement and the mobilization of exploration crews to site this week\n \n \n \n About Eskay Mining Corp:\n \n \n \n Eskay Mining Corp (TSX-V:ESK) is a TSX Venture Exchange listed company, headquartered in\n \n Toronto, Ontario\n \n . Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest\n \n British Columbia\n \n known as the \"Golden Triangle,\" 70km northwest of\n \n Stewart, BC\n \n . Eskay currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).\n \n \n All material information on Eskay may be found on its website at\n \n www.eskaymining.com\n \n and on SEDAR+ at\n \n www.sedarplus.com\n \n .\n \n \n \n About P2 Gold Inc.\n \n \n \n P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in\n \n Nevada\n \n . A positive preliminary economic assessment has outlined a long-life, mi...