Business
Abcourt will Realize a Non-Brokered Private Placement of a Maximum of $1,5 Million
(TheNewswire) Rouyn-Noranda, Québec, Canada – TheNewswire - ...
About this update from Abcourt Mines, Inc. Class B
[{"type":"text","content":"Abcourt will Realize a Non-Brokered Private Placement of a Maximum of $1,5 Million\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Rouyn-Noranda, Québec, Canada –\n \n \n TheNewswire -\n \n \n March 29, 2022 -\n \n \n Abcourt Mines inc.\n \n \n («\n \n \n Abcourt\n \n \n » or the «\n \n \n Corporation\n \n \n »)\n(TSXV:ABI)\n \n \n (OTC:ABMBF)\n \n \n intends to complete a non-brokered private placement of a maximum of\n$1,500,000 in units, at a price of $0.10 per unit.  The offering is\ncomprised of a maximum of 15,000,000 units, each unit being composed\nof one class B share of the Corporation (a «common share») and of\none common share purchase warrant (a «warrant»), one warrant and\n$0.15 being required to purchase one common share until three-years\nfrom the closing dated of the private placement.\n \n \n \n \n It is expected that directors and officers will\nsubscribe over 25% of this private placement.  Intermediation fees\nmight be paid for subscriptions by arm’s length persons.  The net\nproceeds of the placement will be used for working capital and payment\nof debts of the Corporation.\n \n \n \n \n Titles subscribed under the private placement will be\nsubject to a hold period of 4 months and one day from the closing\ndate.  The placement is subject to the approval of the TSX Venture\nExchange.\n \n \n \n \n The Corporation has 311,539,130 common shares issued\nand outstanding.  If the maximum offering is subscribed, a number of\n15, 000,000 common shares will be issued upon closing of the private\nplacement and an additional number of 15,000,000 common shares might\nbe issued upon exercise of the warrants.\n \n \n \n \n \n ABOUT ABCOURT MINES\nINC.\n \n \n \n \n \n \n Abcourt Mines Inc. is a gold producer and a Canadian exploration\ncorporation with strategically located properties in northwestern\nQuebec, Canada. The Elder property has gold resources (2018). Abcourt\nis currently focusing on the extraction of gold at the Elder mine and\non the development of the Sleeping Giant.\n \n \n \n \n \n \n To\nknow more about Abcourt Mines Inc., please visit our web site at\nwww.abcourt.com and consult our filings under Abcourt's profile on\n \n \n \n \n \n www.sedar.com\n \n \n \n \n \n .\n \n \n \n \n \n \n \n Renaud Hinse, President a...