Each Unit consists of one common share of the Corporation (a 'Common Share') and one common share purchase warrant (a 'Warrant'). Each Warrant entitles its holder to subscribe for one Common Share at a price of
To date, Abcourt has issued a total of 75,883,000 Units for aggregate gross proceeds of
It is expected that the net proceeds from the Private Placement will be used to advance activities for development and exploration at the
The closing of this fourth tranche constitutes a 'related party transaction' within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101') as a result of the purchase of 18,000,000 additional Units by SARL MF, an affiliate of
All securities issued in connection with the Private Placement are subject to a restricted period ending on the date that is four months plus one day following the date of their issuance, in accordance with Canadian securities laws. The Private Placement is subject to final approval of the
The securities offered have not been registered under the
ABOUT
Contact:
President and CEO
Tel: (819) 768-2857
Email: phamelin@abcourt.com
Investor Relations
Tel: (514) 722-2276, ext. 456
Email: dany.cenac-robert@reseaupromarket.com
Cautionary Statement on Forward-Looking Information
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation's expectations with respect to the completion of the Private Placement on the terms set out above; the use of the available funds following completion of the Private Placement and expectations with respect to other activities, events or developments that the Corporation expects or anticipates will or may occur in the future. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry and those risks set out in the Corporation's public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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