Results from the Annual Shareholders Meeting and Private Placement
FOR IMMEDIATE RELEASE
TSX Venture Exchange: ABI.V
RESULTS FROM THE ANNUAL SHAREHOLDERS MEETING
AND PRIVATE PLACEMENT
Rouyn-Noranda, Quebec, December 11, 2019
Abcourt Mines Inc. (« Abcourt » or the « Corporation ») (TSX VENTURE: ABI) is
pleased to announce the results of its Annual and General meeting of shareholders held
on December 4, 201 9. The shareholders approved the appointment of Raymond
Chabot Grant Thornton ., Professional Chartered Accountants , as auditors of the
Corporation and also approved, in percentages varying from 97% to 99% of the voted
shares, the election of the following directors: Renaud Hinse, Dan iel Adam, Jean-Guy
Courtois, Normand Hinse, François Mestrallet and Nicole Veilleux.
At the Board meeting that followed the shareholders meeting, the Board of Directors
has appointed Renaud Hinse as Chief Executive Officer, Christine Lefebvre, CPA, as
Chief Finan cial Officer and Julie Godard, l awyer, as Corporate Secretary. Also, the
following directors were appointed on the Audit Committee: Nicole Veilleux (President),
Normand Hinse and François Mestrallet. Renaud Hinse, Normand Hinse and Daniel
Adam were appointed on the Environment, Human Resources and Health and Safety
Committee.
Private Placement
On October 8, 2019, the Corporation announced a first closing of a private placement of
units and flow -through units for a total of $728,000. December 6 was the limit date to
complete this placement and there were no other closings to this placement.
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). Abcourt is focusing on the exploitation of the
Elder mine.
The Abcourt-Barvue property has silver–zinc reserves (2019). A feasibility study was
completed in 2007 by Roche / Genivar. An update was completed in January 2019.
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 and feasibility study was recently completed.
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.
This press release was prepared by Mr. Renaud Hinse, Engineer and President of
Abcourt Mines Inc. Mr. Hinse is a “Qualified Persons” under the terms of Regulation
43-101. Mr. Hinse has approved the scientific and technical disclosure.
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
Neither 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
release.