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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

Comment by fbedard29on Aug 26, 2022 5:41am
288 Views
Post# 34921710

RE:RE:No post lately

RE:RE:No post lately Hi Puffertime .
The first PP for $1.65 m was probably done to help pay the bills.
The second for $1.2m was flow throu that has to be spent on exploration.
On the second PP they tried two form regular and flow throu and there was no participant for
the regular shares even if the price was at 0.065c with a warrant at 15c in 3 years.

I imagine that if they need funding to pay the bills it will be a PP at 0.05 or 0.055c and warrants at
0.08c .

My suggestion is no PP at such a low price . But use the loan that has not been complitely
used yet.
Fernand  
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