Abcourt Closes a Fourth and Final Tranche of the Private Placement of Units Previously Announced, for an Additional Amount of $250,000
15 Diciembre 2023 - 7:00AM
Abcourt Mines Inc. (“Abcourt” or the
“Corporation”) (TSX Venture: ABI) announces that
it has completed a fourth and final tranche of the non-brokered
private placement announced on August 31, 2023
(the "
Offering"), for additional gross
proceeds of $250,000, representing 6,250,000 units of the
Corporation (“
Units”) at a price of $0.04 per
Unit. In the aggregate, the Corporation raised $2,580,150 in gross
proceeds under the Offering.
Each Unit consists of one common share of the
Corporation (a “Common Share”) and one common
share purchase warrant (a “Warrant”). Each Warrant
entitles the holder thereof to purchase one Common Share at a price
of $0.05 for a period of 36 months.
It is expected that the net proceeds from the
Offering will be used in a proportion of 60% to advance activities
for development and exploration at the Sleeping Giant Gold Project
in the Abitibi Greenstone belt of Quebec and 40% for working
capital and general corporate purposes.
All securities issued in connection with the
Offering are subject to a restricted period ending on the date that
is four months plus one day following the date of their issuance,
in accordance with Canadian securities laws and policies of the TSX
Venture Exchange (the “Exchange”). The Offering
remains subject to final approval of the Exchange.
The securities offered have not been and will
not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian exploration
corporation with strategically located properties in northwestern
Québec, Canada. Abcourt owns the Sleeping Giant mill and mine where
it concentrates its activities.
For further information, please visit our
website at www.abcourt.ca and consult our filings under Abcourt's
profile on www.sedarplus.ca, or contact:
Pascal HamelinPresident and CEOT:
(819) 768-2857E: phamelin@abcourt.com |
Dany Cenac Robert, Investor
RelationsReseau ProMarket Inc.,T: (514)
722-2276, post 456E: dany.cenac-robert@reseaupromarket.com |
Cautionary Statement on Forward-Looking
Information
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at
the date of this news release. Such forward-looking information
includes, but is not limited to, statements concerning the
Corporation’s expectations with respect to the use of proceeds from
the Offering. Forward-looking information involves risks,
uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, delays in obtaining or failures to obtain required
approvals; uncertainties relating to the availability and costs of
financing needed in the future; changes in equity markets;
inflation; fluctuations in commodity prices; delays in the
development of projects; other risks involved in the mineral
exploration and development industry; and those risks set out in
the Corporation’s public documents filed on SEDAR+ at
www.sedarplus.ca. Although the Corporation believes that the
assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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.
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