Rouyn-Noranda, Quebec, Canada – TheNewswire - March 23, 2022 Abcourt Mines Inc. (the "Company" or "Abcourt") (Venture Exchange (TSX:ABI) is pleased to announce the appointment of Pascal Hamelin as the new Chief Executive Officer of the Company, succeeding Renaud Hinse, who previously announced his departure retired, effective April 4, 2022.
Mr. Hamelin is a mining engineer graduated from cole Polytechnique de Montral. He has over 30 years of experience in mining, project management and exploration. He is a member of the Order of Chartered Engineers of Quebec (Eng.) and Professional Engineers of Ontario (P.Eng). He mainly acquired his experience in the Sudbury and Abitibi mining camps. From 1991 to 2007, Mr. Hamelin held several positions at various mining sites for Inco. Subsequently, he held administrative positions for Century Mining and Alexis Minerals between 2007 and 2010. Over the years, Mr. Hamelin has successively acted as General Manager, Vice President of Operations and President of Metanor Resources, then President and Chief Executive Officer of Bonterra from 2020 to January 2022.
Franois Mestrallet, Chairman of the Board of the Company declared: “I am confident that Pascal's experience, vision and leadership will enable Abcourt to continue its growth and deliver superior value to shareholders. Mr. Mestrallet also declared: “I thank Renaud for having held the position of Chief Executive Officer of the Company, of which he was the founder, for so long. It was under his direction that the Company acquired the Elder and Sleeping Giant mines, which are the main assets of the Company. We thank him for his dedication and are pleased that he remains a member of the Board of Directors.
» Pascal Hamelin, new President and Chief Executive Officer of Abcourt, said: "I am delighted to join Abcourt and to work closely with the Board of Directors and with all employees in order to foster growth of the society. My immediate objective will be to revise the Company's strategy to better advance our projects while maximizing returns for all stakeholders. Abcourt owns high quality assets with significant resource expansion potential, in a prolific area of Abitibi, Quebec. » As part of his appointment, Abcourt will grant stock options to Mr. Hamelin for 2,000,000 common shares, under the terms of his stock option plan.
Finally, we may have a new CEO, in charge, who has the experience and knowledge to 'walk his talk' and get all of the job done right! As an added incentive, the board has wisely chosen to give him some valuable stock options to purchase 2,000,000 Abcourt shares at some future date.
Now is the time for positive change!
Fingers crossed!
All the best! Java