ROUYN-NORANDA, 10/17/11 - Pershimco Resources Inc. ('Pershimco' or 'Corporation') (TSX VENTURE: PRO) (FRANKFURT: BIZ) announces that following the exercise of stock options and warrants, Mr. Alain Bureau, President of Pershimco, has increased his personal ownership of common shares in the capital stock of Pershimco by more than 15%, bringing his total participation to over 3.5 million common shares.
Concurrently, Sentient Executive GP IV, in its positioning as the Corporation's strategic partner, declares to have consolidated its position, with the support of Pershimco's shareholders, with 20,050,233 common shares or 15.33% of the Corporation's 130,761,681 issued and outstanding common shares as of today.
About Pershimco Resources Inc.
Pershimco Resources Inc. is a Canadian-based resource and exploration corporation listed on the TSX Venture Exchange (symbol PRO.V) and the Frankfurt Exchange (symbol BIZ). The Corporation holds several mining properties in Canada and South America including the recently acquired Cerro Quema advanced project in Panama and the Courville Gold Project, in the Val-d'Or Gold Mining Camp. The Corporation is managed by skilled, reputable people with extensive mining exploration and development experience. The Pershimco Team and our investors are the key to our success.
The Corporation's documents are available on www.sedar.com. For more information, please visit the Corporation's website at www.pershimco.ca.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Pershimco Resources Inc. Alain Bureau, P. Eng., President and Chief Executive Officer 1 (819) 797-2180 ressources@pershimco.ca
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ROUYN-NORANDA, 10/17/11 - Pershimco Resources Inc. ('Pershimco' or 'Corporation') (TSX VENTURE: PRO) (FRANKFURT: BIZ) announces that following the exercise of stock options and warrants, Mr. Alain Bureau, President of Pershimco, has increased his personal ownership of common shares in the capital stock of Pershimco by more than 15%, bringing his total participation to over 3.5 million common shares.
