On June 27, 2024, Abcourt Mines Inc., closed the transaction. The company issued 12,551,400 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 627,570 in its fifth and final tranche closing. As a part of the transaction, the company paid CAD 25,000 and issued 500,000 warrants to an arm?s length third-party.

The Private Placement is subject to final approval of the TSX Venture Exchange.