(TheNewswire)
Rouyn-Noranda, Quebec / TheNewswire / December 19, 2018 - Abcourt Mines Inc. (« Abcourt » or the
« Corporation ») (TSX VENTURE: ABI) is pleased to
announce the results of its annual meeting of shareholders held on December 14, 2018. The shareholders approved the
appointment of Dallaire & Lapointe Inc., Professional Chartered Accountants of Rouyn-Noranda, as auditors of the Corporation and
also approved, in percentages varying from 97% to 99% of the voted shares, the election of the following directors: Renaud Hinse,
Daniel Adam, Jean-Guy Courtois, Normand Hinse, François Mestrallet and Nicole Veilleux.
The Corporation is happy to welcome the two new directors, Daniel Adam and Nicole Veilleux.
Ms. Veilleux is a professional chartered accountant with over 30 years of experience in financing, including her
experience as auditor with KPMG S.E.N.C.R.L. and as financial analyst for Industries Norbord inc. and Fonds regional de solidarité
de l’Abitibi-Témiscamingue. She has served as Vice-President of Finance at Richmont Mines Inc. until the acquisition by
Alamos Gold Inc. in 2017; Prior positions held during her 20-year career at Richmont Mines include Controller, Financial Director
and Chief Financial Officer. Mr. Adam holds a master in geology and a PhD in geology from the University of
Lorraine, France, and is a member of the Ordre des géologues du Québec and the Association of Professional Geoscientists of
Ontario. M. Adam held the positions of Director of Exploration and then Vice-president, Exploration for Richmont Mines
Inc. until its acquisition by Alamos Gold Inc. in 2017. Before that, he worked for BHP Billiton, Selbaie Mines
project, for about 20 years, including as Project Geologist, Production Geologist, Superintendent of Operations and Environment
Coordinator. The election of theses two highly qualified persons to the Board of Abcourt Mines Inc. will help the latter to
realize its objectives of growth and profitability.
At the Board meeting that followed the shareholders meeting, the Board of Directors has appointed Renaud Hinse as
Chief Executive Officer, Christine Lefebvre, CPA, as Chief Financial Officer and Julie Godard, Lawyer, as Corporate Secretary.
Also, the following directors were appointed on the Audit Committee: Nicole Veilleux (President), Normand Hinse and
François Mestrallet; Renaud Hinse (President), Normand Hinse and Daniel Adam were appointed on the Environment, Human Resources and
Health and Safety Committee.
The Corporation’ Board of Directors also granted, as of December 18, 2018, a total number of 800,000 stock options in
favor of the two new directors, allowing them to purchase a total of 800,000 Common Shares of the Corporation, at an exercise price
of $0.07 per share, for a 5 year period. These options were granted pursuant to the Corporation’s Stock Option Plan.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold
producer and a Canadian exploration company
with strategically located properties in northwestern
Quebec, Canada. The Elder property has
gold resources (2018) and a positive
P.E.A. study (2012). Abcourt is focusing
on the exploitation of the Elder
mine.
The Abcourt-Barvue property has
silver–zinc resources (2014). A
feasibility study was completed in 2007 by
Roche / Genivar. An update is being
prepared now.
In 2016, Abcourt acquired the Sleeping
Giant mine and mill, located half-way
between Amos and Matagami, in Abitibi,
Quebec, in the territory covered by the
Plan Nord of the Quebec government. The
mill has a capacity of 700 to
750 tonnes per day. A NI 43-101
resource estimate was recently filed.
To know more about Abcourt Mines
Inc. (TSXV: ABI), please visit our web
site at www.abcourt.com and consult our filings under
Abcourt’s profile on www.sedar.com.
For more information, please contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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