Sentient Group exchanges Pershimco shares with Orla merger

Private equity firm Sentient Group has disposed of common shares of Pershimco Resources Inc, a Canadian junior mining company with gold-copper project assets in Panama. Sentient exchanged the shares with those of a new entity called Orla Mining Ltd, created as result of the recently closed merger of Vancouver's Orla with Rouyn-Noranda, Québec's Pershimco. The transaction saw 53.1 percent of the new entity's shares held by former Orla investors, and 46.9 percent held by former Pershimco investors. Sentient, which has offices in the Cayman Islands, Canada and Australia, has backed Pershimco since 2011.

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