Another Good News
I can't see anything other than yesterday's press release as positive. That it means more dilution, not that much though, so be it. What must be noticed here is that the private placement is set at a price 50 percent higher than the previous private placement just a few months ago. The investors are willing to pay a higher price to participate. That must mean that Abcourt has a good investment opportunity to offer. That will be my interpretation anyway.
As far as I can judge, NQ Investissement Minier is a serious investment fund. Which also says something about the values Abcourt is in the process of building.
Here is some of what they write about themselves:
"Promote the mining potential of Nord-du-Qubec to increase increasing junior responsible mining exploration companies active in Nord-du-Qubec territory.
Increase overall investment in mining exploration in the Northern Quebec Territory.
Encourage good practice in sustainable development."
"We have a team of experienced geologists and professionals who are the custodians of our mining investment expertise. They play an important role in evaluating the investments made by the Fund, and their in-depth understanding of the mining industry ensures that every company and project we support is based on solid foundations, contributing to our continued success in developing the mining sector and mineral exploration."
Take a look for yourself at their website.
Have a nice weekend!