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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

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.


TSXV:ABI - Post by User

Post by fbedard29on May 31, 2022 3:56pm
189 Views
Post# 34721093

75% of PP by BOD from Mr Hamelin

75% of PP by BOD from Mr HamelinI was very pleased by Mr Hamelin past post saying that 75% of PP was done by BOD.
Now that i see the results  Mr Hinse ($665k) and Mr Mestrallet ($500k) were participating in 70%
that would or could leave 5% not accounted for.
My understanding is that only 2 BOD participated in the PP .
That would mean that no other BOD members were involved in the PP .;
That makes me very unconfortable that the majority of BOD have no money involved in Abcourt.
Can we trust a BOD that has nothing to loose by advancing Abcourt projects or more to gain by
selling Abcourt and securing their future jobs.

Please help me understand.
Fernand   
 
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