Business
Abcourt Mines: Results From the Annual and General Shareholders Meeting and Stock Options
ROUYN-NORANDA, Quebec, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX VENTURE: ABI) is pleased to announce the resul
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":" ROUYN-NORANDA, Quebec, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX VENTURE: ABI) is pleased to announce the results of its Annual and General Meeting of Shareholders held on December 6, 2023 (the “Meeting”). The shareholders elected each of the nominees presented in the management circular relating to the Meeting, namely: Pascal Hamelin, Daniel Adam, René Branchaud, Loic Bureau, Jasmine Hinse, Lise Kistabish and François Mestrallet. Lise Kistabish is a new director of the Corporation. Mrs. Kistabish graduated from the National School of Public Administration (ENAP) in public management in a First Nation context. She has over 25 years of experience in management and has been Director of training, employment and social development for the Abitibiwinni First Nation Council since May 2019. The Board of Directors would like to thank the only outgoing director, Nicole Veilleux, Chair of the Audit committee and Director of the Corporation since December 2018, for her valuable contribution to the Corporation and the Board of Directors. Shareholders also approved the appointment of Raymond Chabot Grant Thornton, Professional Chartered Accountants, as auditors of the Corporation for the financial year ending June 30, 2024. At the Board meeting that followed the Meeting, the Board has appointed Pascal Hamelin as President and Chief Executive Officer, Christine Lefebvre as Chief Financial Officer, Loic Bureau as Chairman and Julie Godard, as Corporate Secretary. Also, the following directors were appointed as members of the Board committees: Daniel Adam, Lise Kistabish and Francois Mestrallet on the Audit Committee; René Branchaud, Loic Bureau and François Mestrallet on the Compensation Committee; René Branchaud, Jasmine Hinse and Lise Kistabish on the Governance Committee; and Pascal Hamelin, Daniel Adam and Loïc Bureau on the Technical Committee (health, safety and environment). The Board of Directors also granted stock options to its new director, on the same terms as those granted last summer to its directors. These stock options allow to subscribe 1,500,000 common shares of Abcourt at an exercise price of $0.05 per share, expiring in 5 years. The Board of Directors also approved some amendments to its common share stock option Plan (the “Stock Option Plan”) to bring it into line with the ...