Share: VANCOUVER, British Columbia, May 05, 2021 (GLOBE NEWSWIRE) -- P2 Gold Inc. ("P2" or the "Company") (TSXV:PGLD) reports that it has entered into an amending agreement (the "Amending Agreement") with Borealis Mining Company, LLC ("Waterton"), an indirect, wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP amending the terms of the agreement (the "Acquisition Agreement") for the acquisition of all of the assets that comprise the Gabbs Project (see the Company's news release dated February 23, 2021 announcing the acquisition of the Gabbs Project) located on the Walker-Lane Trend in the Fairplay Mining District of Nye County, Nevada (the "Transaction"). The closing of the Transaction remains subject to the satisfaction of customary closing conditions for a transaction of such nature, including acceptance by the TSX Venture Exchange (the "Exchange") and the completion of the Private Placement (defined below). The Transaction will be an arm's length transaction under Exchange policies.