Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.

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Abcourt Mines Inc

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Comment by Legarsdunordon Nov 17, 2020 11:17am

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Post# 31914262

RE:No dilution=No progress

Iv'e had direct talks with mr Hinse on a shareholders meeting held in July. Most shareholders were fedup with stock dilution and he gave us his word that gold price and profit could be reinvested in the reopening of sleeping giant without further stock dilution. 2 options are currently being evaluated by the board:
1: buyback some shares
2: giving a shareholders a dividend.

option number 2 seems to be the more propable to happen within the next year. So I don't really see more dilution happening anytime soon.

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