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Abcourt Mines Inc. entered into a non-binding letter of intent to acquire all securities of Pershimex Resources Corporation via a three-cornered amalgamation. The combined company would have ~510 km of strategic landholdings in Quebec gold districts and include two underground gold mines on care-and-maintenance.
“The proposed Transaction will create value for shareholders of both companies and is part of Abcourt's vision to create a larger and more diversified emerging gold producer and explorer in Québec.”tnw-a.thenewswire.com
Summarized from public sources; check the original articles before acting on it.