Abcourt Closes a Final Tranche of the Private Placement of Units Previously Announced, FOR an Additional Amount of $627,570
For immediate release
TSX Venture: ABI.V
ABCOURT CLOSES A FINAL TRANCHE OF THE PRIVATE PLACEMENT OF UNITS
PREVIOUSLY ANNOUNCED, FOR AN ADDITIONAL AMOUNT OF $627,570
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
Rouyn-Noranda, Canada, June 27, 2024 - Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX
Venture: ABI) (OTCQB: ABMBF) announces that it has completed a fifth and final closing of the non-
brokered private placement announced on March 12, 2024 (the "Private Placement"), for additional gross
proceeds of $627,570, representing 12,551,400 units of the Corporation (the “Units”), at a price of $0.05
per Unit. Each Unit consists of one common share of the Corporation (a "Common Share") and one
common share purchase warrant (a "Warrant"). Each Warrant entitles its holder to subscribe for one
Common Share at a price of $0.06 for a period of 36 months.
Abcourt has issued a total of 88,434,400 Units for aggregate gross proceeds of $4,421,720 under the
Private Placement.
Abcourt paid finder’s fees in an amount of $25,000 and issued 500,000 Warrants to an arm’s length third-
party who assisted Abcourt by introducing subscribers to the Corporation in connection with 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
and for working capital and general corporate purposes.
All securities issued in connection with the Private Placement 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 Private Placement is subject to final approval of the TSX Venture Exchange.
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 is not limited to, statements concerning the Corporation’s
expectations with respect to 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, 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.