ESK:CC - Eskay Mining and P2 Gold Agree to Merge Focus on Gold and Copper
2024-06-05 12:25:00 ET
Eskay Mining (TSXV: ESK ,OTCQX:ESKYF) announced plans to combine with P2 Gold (TSXV: PGLD ,OTCQB:PGLDF) on Tuesday (June 4) in a move it says will create a new entity focused on gold and copper exploration.
The non-binding letter of intent entered by the two companies outlines a deal through which Eskay will acquire all outstanding P2 Gold shares at an exchange ratio of 0.2778 Eskay shares for each P2 share.
Eskay shareholders will hold 80 percent of the merged company, while P2 shareholders will own 20 percent.
For further details see:
Eskay Mining and P2 Gold Agree to Merge, Focus on Gold and Copper