Abcourt Announces a Non-Brokered Private Placement FOR up to $4.5 Million
For immediate release
TSX Venture: ABI.V
ABCOURT ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT FOR UP TO
$4.5 MILLION
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Rouyn-Noranda, Canada, July 16, 2024 - Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX
Venture: ABI) is pleased to announce a non-brokered private placement of up to 112,500,000 units of the
Corporation ( “Units”) at a price of $0.0 4 per Unit for aggregate gross proceeds of up to $ 4,500,000
(the “Private Placement”).
Each Unit will consist of one common share of the Corporation (a “ Common Share”) and one common
share purchase warrant (a “Warrant”). Each Warrant will entitle its holder to purchase one Common Share
at a price of $0.06 for a period of 36 months following the closing date of the Private Placement.
It is expected that the net proceeds from the Private Placement will be used to advance activities for
development and exploration at the Sleeping Giant Gold Project in the Abitibi Greenstone belt of Quebec.
The Private Placement is expected to close on or about July 22, 2024 and remains subject to approval of
the TSX Venture Exchange (the “TSXV”).
All securities issued in connection with the Private Placement will be subject to a restricted period ending
on the date that is four months plus one day following the date of their issuance.
The securities offered 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.
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 Hamelin
President and CEO
T: (819) 768-2857
Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, ext. 456
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 i s not limited to, statements concerning the Corporation’s
expectations with respect to the completion of the Private Placement on the terms set out above; the use
of the available funds following completion of the Private Placement; 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, dela ys 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.