Abcourt Mines to Raise $3 Million in Non-brokered Private Placement of Units and Flow-through Shares

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Abcourt Mines to Raise $3 Million in Non-brokered Private Placement of Units and Flow-through Shares

, MT Newswires - 1:10 PM ET 3/24/2025 default

01:10 PM EDT, 03/24/2025 (MT Newswires) -- Abcourt Mines ( ABMBF ) on Monday said it is seeking up to $3 million in a non-brokered private placement of share units and flow-through shares.

The company said it will sell up to 60-million common-share units priced at $0.05 each, or 50-million tax-advantaged flow-through shares priced at $0.06, for total proceeds of up to $3 million.

Each unit will consist of one share and one 36-month share purchase warrant to buy a share for $0.08.

The financing is expected to close by April 3. Proceeds will be used to develop the Sleeping Giant and Flordin gold projects in the Abitibi Greenstone belt of Quebec.

Abcourt Mines ( ABMBF ) was last seen unchanged at $0.05, on the TSX Venture Exchange.

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