Post transaction, the combined company will be 81.2% owned by Abcourt shareholders and 18.8% owned by Pershimex shareholders.
“I am very pleased to see this proposed transaction that will unlock the value of both companies by combining our talented technical teams and project portfolios. Given that we operate in the same region, this is a logical and synergistic transaction to create a stronger Québec gold company,” said Abcourt CEO Pascal Hamelin in a media release.
The combined company, which will be rebranded with a new corporate name to be determined at later stage, would have a strategic landholding of more than 510 km2 across major gold districts in central Québec.
Abcourt estimates that following the transaction, it would own the third-largest aggregate land package amongst gold explorers/developers in the regions surrounding Rouyn-Noranda, Amos, Val-d’Or and Lebel-sur-Quevillon.
This diversified project portfolio…
