ESKYF - Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Services Agreement | Benzinga
VANCOUVER, BC, June 26, 2024 /PRNewswire/ - Eskay Mining Corp. ("Eskay") (TSXV:ESK) (OTCQX:ESKYF) and P2 Gold Inc. ("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 June 4, 2024 pursuant to which Eskay agreed to acquire P2 in a business combination transaction (see joint news release of Eskay and P2 dated June 4, 2024).
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
About Eskay Mining Corp:
Eskay Mining Corp (TSXV:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, ...