Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX
Venture: ABI) is pleased to extend its previously
announced non-brokered private placement of up to 100,000,000 Units
at a price of $0.05 per Unit for aggregate gross proceeds of up to
$5,000,000 (the “
Offering”). Each Unit
consists of one common share of the Corporation (a
“
Share”) and one common share purchase warrant
(a “
Warrant”). Each Warrant entitles its
holder to purchase one Common Share at a price of $0.06 for a
period of 36 months.
To date, Abcourt issued a total of 54,683,000
Units for gross proceeds of $2,734,150 under the Offering. Abcourt
expects to complete additional tranches of the Offering with a
final closing to take place on or before May 28, 2024.
It is expected that the net proceeds from the
Offering will be used to advance activities for development and
exploration at the Sleeping Giant Gold Project in the Abitibi
Greenstone belt of Quebec and 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. The Offering is
subject to final approval of the TSX Venture Exchange (the
“TSXV”).
The securities offered under the Offering have
not been 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.
Creation of Control Person
The Corporation is also pleased to report that a
resolution allowing the creation of a new Control Person of the
Corporation (as such term is defined in the policies of the TSXV)
was approved by approximately 97% of the votes cast by
disinterested shareholders of the Corporation at a special meeting
of shareholders held on April 30, 2024 (the
“Meeting”). A total of 144,601,684 Shares was
voted at the Meeting, representing 29.23% of the total number of
issued and outstanding Shares.
Following the Meeting, Abcourt issued 7,648,312
additional Units to SARL MF, an entity controlled by François
Mestrallet. As a result, François Mestrallet became a Control
Person of the Corporation.
Please refer to the Corporation’s management
information circular dated March 22, 2024 and the Corporation’s
news releases dated March 26, 2024 and April 23, 2024 for further
details.
Early Warning Report
These 7,648,312 Units were issued in
consideration for an amount of $382,415 which had been held in
escrow pending disinterested shareholders approval and which is
part of a total investment of $1,000,000 representing 20,000,000
Units at a price of $0.05 per Unit, made by François Mestrallet in
the context of the Offering
(the “Investment).
Prior to the Investment, Mr. Mestrallet held,
together with his associates and affiliates, 91,949,000 Shares,
32,500,000 warrants to purchase Shares and 1,500,000 stock options,
which represented 18.6% of the 494,778,759 Shares then issued and
outstanding on a non-diluted basis (23.8% assuming the exercise of
the convertible securities).
As of the date hereof, Mr. Mestrallet holds,
together with his associates and affiliates, 112,349,000 Shares,
52,900,000 Warrants and 1,500,000 stock options, which represent
20.44% of the 549,461,759 Shares currently issued and outstanding
on a non-diluted basis (27,6% assuming the exercise of the
convertible securities).
Mr. Mestrallet participated in the Private
Placement to support the short and medium-term growth of the
Corporation. He intends to hold his securities for investment
purposes and may, depending on certain circumstances, including
market conditions, increase or decrease his beneficial ownership of
or control over the Corporation's Shares, warrants or other
securities.
The Form 62-103F1 - Required
Disclosure under the Early Warning
Requirements associated with this news release can be obtained
from the Corporation's profile on SEDAR+ at www.sedarplus.ca.
To obtain a copy of the report, please contact Pascal Hamelin,
President and CEO of Abcourt, at (819) 768-2857 or
phamelin@abcourt.com.
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.
Abcourt’s head office is located at 475 de
l’Église Avenue, Rouyn-Noranda, QC J0Z1Y0
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 completion of the
Offering on the terms set out above, the use of the available funds
following completion of the Offering and expectations with respect
to other activities, events or developments that the Corporation
expects or anticipates will or may occur in the future.
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.
Abcourt Mines (TSXV:ABI)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Abcourt Mines (TSXV:ABI)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024