The Sentient Group, a resources-focused private equity firm based in the Cayman Islands and with an office in Montréal, has increased the size of its investment in Rouyn-Noranda, Québec-based Pershimco Resources Inc (TSX-V: PRO). The deal, together with another purchase made earlier this year, gives Sentient around 18.9 percent of the company’s outstanding Class A common shares. Sentient and Agnico Eagle Mines Ltd have both recently made investments in Pershimco to support the junior mining company’s exploration and development of its Cerro Quema gold-copper porphyry project in Panama and other activity.
Sentient IV acquires shares of Pershimco Resources Inc.
MONTREAL, Aug. 8, 2014 /CNW Telbec/ – Sentient Executive GP IV, Limited (“Sentient IV”) announces that it has acquired control over an aggregate of 2,872,439 Class A common shares (the “Purchased Shares”) of Pershimco Resources Inc. (“Pershimco”), representing approximately 1.29% of the outstanding Class A common shares of Pershimco. The Purchased Shares, together with the Class A common shares of Pershimco purchased by the Sentient IV since July 10, 2014, represent an increase of approximately 2.00% in the Offeror’s holdings of Class A common shares of Pershimco since July 10, 2014.
Sentient IV has control or direction over 42,054,182 Class A common shares of Pershimco (including the Purchased Shares), representing approximately 18.90% of the outstanding Class A common shares of Pershimco.
Sentient IV acquired the Purchased Shares for investment purposes only and not with a view to materially affecting control of Pershimco.
SOURCE Sentient Executive GP IV, Limited
For further information or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at (345) 946-0933.
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