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 > Abcourt being sold at a discount with no share holders aprov

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Comment by Lottenon Jul 16, 2024 2:48pm

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Post# 36135285

RE:RE:Abcourt being sold at a discount with no share holders aprov

I completely agree with what you write here.

It doesn't surprise me that we get a new PP. And I don't see it negatively either. This means that the company keeps up the pace in order to reach the production target as quickly as possible. They hire people, and gold production is underway. And with a gold price that per now is $2464 this money will come in handy to keep the pace up.

Note that he Private Placement is expected to close already on or about July 22. That's a good sign as I see it.

My opinion.

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