Brief: Eskay Mining Says Co And P2 Gold Agree To Combine To Focus On Gold And Copper Exploration And Development In The Golden Triangle And Nevada
04/06/2024 19:52
June 4 (Reuters) - Eskay Mining Corp ESK.V :
* ESKAY MINING AND P2 GOLD AGREE TO COMBINE TO FOCUS ON GOLD
AND
COPPER EXPLORATION AND DEVELOPMENT IN THE GOLDEN TRIANGLE AND
NEVADA
* ESKAY MINING CORP - UPON COMPLETION OF PROPOSED
TRANSACTION,
EXISTING ESKAY SHAREHOLDERS ARE EXPECTED TO OWN APPROXIMATELY
80% OF COMBINED COMPANY
* ESKAY MINING-UNDER DEAL,EACH OUTSTANDING COMMON SHARE IN
CAPITAL
OF P2 ON A DILUTED BASIS, TO BE EXCHANGED FOR 0.2778 OF COMMON
SHARE IN CAPITAL OF CO
* ESKAY MINING CORP - P2 SHAREHOLDERS ARE EXPECTED TO OWN
APPROXIMATELY 20% OF COMBINED COMPANY
Source text for Eikon: ID:nCNWKRDCva
Further company coverage: ESK.V
((Reuters.Briefs@thomsonreuters.com;))
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