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Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Services Agreement

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Eskay Mining and P2 Gold Agree to Terminate Business Combination and Continue Exploration Services Agreement

 

 

 

 

 

Eskay Mining Corp. (TSX-V: ESK) (OTCQX: ESKYF) and P2 Gold Inc. (TSX-V: PGLD) (OTCQB: PGLDF) report that they have agreed, due to market conditions, to terminate the non-binding letter of intent 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 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 is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle,” 70km northwest of Stewart, BC. Eskay currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).

 

About P2 Gold Inc.

 

P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2 year mine life.

 

Posted June 26, 2024

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