Pershimco Resources Inc.

Pershimco Resources Inc.

November 13, 2006 11:09 ET

Pershimco Annouces the Closing of a Private Placement

ROUYN-NORANDA, QUEBEC--(CCNMatthews - Nov. 13, 2006) - Pershimco Resources Inc. (TSX VENTURE:PRO) announces that it issued, on November 10 2006, 850,000 common shares at a price of $0.40 per share, as well as 850,000 warrants each of which may be converted into one common share of the corporation for a period of twelve months following the closing at a price of $0.40 each by way of a private placement with Dia Bras Exploration Inc. for an aggregate amount of $340,000. The private placement is subject to the TSX Venture Exchange's final approval and the approval of any other securities authority.

The proceeds shall be used for the development of the corporation's mining activities.

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)