Abcourt Mines Inc announced a non-brokered private placement of up to 112,500,000 units of the Corporation at a price of CAD 0.04 per Unit for aggregate gross proceeds of up to CAD 4,500,000 on July 16, 2024. Each Unit will consist of one common share of the Corporation and one common share purchase warrant. Each Warrant will entitle its holder to purchase one Common Share at a price of CAD 0.06 for a period of 36 months following the closing date of the Private Placement.

All securities issued in connection with the Private Placement will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance. The Private Placement is expected to close on or about July 22, 2024 and remains subject to approval of the TSX Venture Exchange.