Results from the Annual Shareholders Meeting and Grant of Stock Options.
FOR IMMEDIATE RELEASE
TSX Venture Exchange: ABI.V
December 19, 2018
RESULTS FROM THE ANNUAL SHAREHOLDERS MEETING AND
GRANT OF STOCK OPTIONS.
Rouyn-Noranda, Quebec, December 19, 2018
Abcourt Mines Inc. (« Abcourt » or the « Corporation ») (TSX VENTURE: ABI) is
pleased to announce the results of its annual meeting of shareholders held on
December 14, 2018. The sharehold ers approved the appointment of Dallaire &
Lapointe Inc., Professional Chartered Accountants of Rouyn-Noranda, as auditors of the
Corporation and also approved, in percentages varying from 97% to 99% of the voted
shares, the election of the following direc tors: Renaud Hinse, Daniel Adam, Jean -Guy
Courtois, Normand Hinse, François Mestrallet and Nicole Veilleux.
The Corporation is happy to welcome the two new directors, Daniel Adam and Nicole
Veilleux. Ms. Veilleux is a professional chartered accountant w ith over 30 years of
experience in financing, including her experience as auditor with KPMG S.E.N.C.R.L.
and as financial analyst for Industries Norbord inc. and Fonds regional de solidarité de
l’Abitibi-Témiscamingue. She has served as Vice -President of Finance at Richmont
Mines Inc. until the acquisition by Alamos Gold Inc. in 2017; Prior positions held during
her 20-year career at Richmont Mines include Controller, Financial Director and Chief
Financial Officer. Mr. Adam holds a master in geology and a PhD in geology from the
University of Lorraine, France, and is a member of the Ordre des géologues du Québec
and the Association of Professional Geoscientists of Ontario. M. Adam held the
positions of Director of Exploration and then Vice -president, Expl oration for Richmont
Mines Inc. until its acquisition by Alamos Gold Inc. in 2017 . Before that, he worked for
BHP Billiton, Selbaie Mines project, for about 20 years, including as Project Geologist,
Production Geologist, Superintendent of Operations and E nvironment Coordinator. The
election of theses two highly qualified persons to the Board of Abcourt Mines Inc. will
help the latter to realize its objectives of growth and profitability.
At the Board meeting that followed the shareholders meeting, the Bo ard of Directors
has appointed Renaud Hinse as Chief Executive Officer, Christine Lefebvre, CPA, as
Chief F inancial Officer and Julie Godard, Lawyer, as Corporate Secretary. Also, the
following directors were appointed on the Audit Committee: Nicole Veil leux (President),
Normand Hinse and François Mestrallet; Renaud Hinse (President), Normand Hinse
and Daniel Adam were appointed on the Environment, Human Resources and Health
and Safety Committee.
The Corporation’ Board of Directors also granted, as of December 18, 2018, a total
number of 800,000 stock options in favor of the two new directors, allowing them t o
purchase a total of 800,000 Common Shares of the Corporation, at an exercise price of
$0.07 per share, for a 5 year period. These options were g ranted pursuant to the
Corporation’s Stock Option Plan.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with
strategically located properties in northwestern Quebec, Canada. The Elder property
has gold resources (2018) and a positive P.E.A. study (2012). Abcourt is focusing on
the exploitation of the Elder mine.
The Abcourt-Barvue property has silver–zinc resources (2014). A feasibility study was
completed in 2007 by Roche / Genivar. An update is being prepared now.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between
Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of
the Quebec government. The mill has a capacity of 700 to 750 tonnes per day. A NI
43-101 resource estimate was recently filed.
To know more about Abcourt Mines Inc. (TSXV: ABI), please visit our web site at
www.abcourt.com and consult our filings under Abcourt’s profile on www.sedar.com.
For more information, please contact:
Renaud Hinse, President and CEO
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Email: [email protected]
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276 x456
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.