Pershimco Resources Inc.

Pershimco Resources Inc.

November 14, 2006 10:01 ET

Pershimco Annouces an Issue of Shares for Debt

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Nov. 14, 2006) - Pershimco Resources Inc. (TSX VENTURE:PRO) announces, pursuant to what was announced November 7 2006, that it has issued 602 387 common shares for exploration fees of 143454 Canada Ltd., a holding corporation held by Mr. Roger Bureau, President of Pershimco. These fees amount to $192,764 meaning that Pershimco will issue 602 387 shares at a price of $0.32 per share.

FORWARD-LOOKING STATEMENTS -- This press release contains forward-looking statements reflecting Pershimco objectives, estimates, expectations and the impact of acquisitions on Pershimco's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Pershimco's projections or expectations.

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of the content herein.

Contact Information

  • Pershimco Resources Inc.
    Mr. Roger Bureau
    819-797-9617 (FAX)