Abcourt Closes a Fourth Tranche of the Private Placement of Units Previously Announced, for an Amount of $1,060,000
ROUYN-NORANDA, Quebec, May 31, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) announces that it has completed a fourth closing of the non-brokered private placement announced on March 12, 2024 (the "Private Placement"), for additional gross proceeds of $1,060,000, representing 21,200,000 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.
- 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.
- To date, Abcourt has issued a total of 75,883,000 Units for aggregate gross proceeds of $3,794,150 under the Private Placement.
- The Corporation expects to close a final tranche of the Private Placement on or before June 27, 2024.