Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

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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Post by fbedard29on Oct 06, 2022 9:35am

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Post# 35008974

Amendment concerning Pershimex.

As far as i know Pershimex had signed an agreement giving exclusive right to Abcourt to acquire all Pershimex shares at a 0.57 conversion rate and if Abcourt decided not to go through with the merger
would pay a large penality to Pershimex.

The new agreement removes the exclusive right that Pershimex give to Abcourt for the merger.

When will the 5000t that Pershimex negociated with ABI be processed at SG.
My understanding is that the mill is being dismantled and cleaned untill early 2023.

Fernand

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Advancing flagship Ishkõday Gold Project in Ontario