Sampling Progress, Receipt of Bulk Milling Permit, and Closing of Private Placement Announced November 1, 2022, Canadian Business Journal

Val d’Or, Quebec, November 22, 2022 (GLOBE NEWSWIRE) — Persimex Resources Corporation (“Pershimex” or the “Company”) (TSX VENTURE: PRO) is pleased to provide an update on the Pershing-Manitou deposit at the Courville property and the 5,000-tonne bulk sampling operation at the flow-through private placement announced in November. I am happy. January 1, 2022.

Bulk sampling and milling permits

Regarding the ongoing work at the Pershing-Manitou deposit, note that all 5,000 tons of mineralized material have been extracted from the pit and are now stored on-site and ready to be transported to the Sleeping Giant plant. . The company and its milling project partner (Abcourt Mines) recently received all necessary permits from the Minister for the Environment and the Ministry of the Environment (MELCC) to proceed with the mineralized material at the Géant-Dormant site. Site remediation and security work has been completed and is in compliance with the regulations required in the approved restoration plan submitted to the Quebec Ministry of Natural Resources.

private placement

The Company has closed a $200,000 flow-through private placement announced on November 1, 2022. This involved the sale of his 5,714,286 flow-through units of the Company (each, a “Flow-Through Unit”) at a price of $0.035 per flow-through. unit. Each Flow Through Unit consists of one share of our common stock issued as a “flow through share” within the meaning of the Income Tax Act (Canada) (each a “flow through share”) and one-half will be of warrant. Each full warrant gives its holder the right, within his 24 months from the date of issuance, to purchase one share of our common stock at her price of $0.06.

A fee of $14,000 was paid to Glores Securities Inc. as an intermediary in connection with the private placement.

Proceeds from the sale of the flow-through shares will be used for the exploration costs of the company’s mineral properties in Canada.

Flow-through shares, warrants, and shares that may be issued upon exercise of warrants have a holding period of four months from the date of issuance.

For more information, please contact:

Robert Gagnon, President
Phone: (819) 825-2301
Mobile: (819) 860-2621

warning

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CBJ Newsmaker