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Enter Symbol
or Name
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CA



Abcourt Mines Inc
Symbol ABI
Shares Issued 276,678,218
Close 2017-12-22 C$ 0.065
Market Cap C$ 17,984,084
Recent Sedar Documents

ORIGINAL: Abcourt Mines closes $994,477 private placement

2017-12-22 16:17 ET - News Release

Received by email:

File: PR Closing of $994477 P Placement (22-12-2017).pdf

                                                  FOR IMMEDIATE RELEASE
                                                     TSX Venture   ABI.V
                                                     December 22, 2017




 ABCOURT CLOSES A PRIVATE PLACEMENT OF $ 994,477 IN FLOW-
          THROUGH SHARES AND COMMON UNITS
_______________________________________________________________________

Rouyn-Noranda, Canada, December 22, 2017   Abcourt Mines Inc. (" Abcourt " or
the " Corporation ") (TSX Venture: ABI, Berlin: AML-BE, Frankfurt Stock Exchange :
AML-FF) has closed today a non-brokered private placement for a number of
9,343,852 flow-through shares at a price of $0.085 per flow-through share for gross
proceeds of $794,227 and a number of 267 Units at a price of $750 per Unit for gross
proceeds of $200,250. Each Unit is composed of 10,000 common shares of the
Corporation offered at a price of $0.075 per common share and of 5,000 common share
purchase warrants, one warrant and $0.10 being required to purchase one common
share of the Corporation until December 22, 2019 2019 (the "Private Placement").

Therefore, the Private Placement closed today consists in the sale of 9,343,852 flow-
through shares, of 2,670,000 common shares and the issuance of 1,335,000 common
share purchase warrants. This represents total gross proceeds of $994,477, of which
$794,227 shall be incurred by the Corporation in exploration expenditures on mining
properties located in the Province of Quebec.

In connection with the Private Placement, finder fees of $27,475 will be paid to arm's
length finders on some of the subscriptions. The Corporation has also issued a total of
261,694 non-transferable common share purchase warrants to finders, each warrant
and $0.10 being required to purchase one common share of Abcourt until December
22, 2019.

Certain related parties to Abcourt (the "Related Parties") have participated in the Private
Placement:

       Renaud Hinse, director and chief executive officer of Abcourt, has purchased one
       (1) Unit (representing 10,000 common shares and 5,000 warrants) and 412,000
       flow-through shares. Decochib inc., a private company controlled by Renaud
       Hinse, has subscribed 750,000 flow-through shares. After the Private Placement,
       assuming the exercise of the warrants included in the Units purchased by
       Renaud Hinse, Renaud Hinse would hold, directly or indirectly, or exercise
       control over approximately 16.4% of the Company's common shares issued and
       outstanding; and

       Normand Hinse, director of Abcourt, has purchased 67 Units (representing
        670,000 common shares and 330,000 warrants). After the Private Placement,
       assuming the exercise of the warrants included in the Units purchased by
       Normand Hinse, Normand Hinse would hold, directly or indirectly, or exercise
       control over approximately 2.8% of the Company's common shares issued and
       outstanding.

The securities issued to the Related Parties in the Private Placement constitutes a
"related party transaction" within the meaning of Regulation 61-101 respecting protection
of minority security holders in special transactions ("Regulation 61-101"). In its
consideration and approval of the Private Placement, the board of directors of Abcourt
has determined that such subscriptions to the Related Parties are exempt from the
formal valuation and minority approval requirements of Regulation 61-101 on the basis
that the fair market value of these subscriptions to the Related Parties does not exceed
25% of the market capitalization of Abcourt, in accordance with sections 5.5 and 5.7 of
Regulation 61-101.

All of the securities of Abcourt issued under the Private Placement are subject to a hold
period of four months from the closing date, expiring on April 23, 2018. The Private
Placement is subject to the final approval of the TSX Venture.

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 (2012) and a positive P.E.A. study. 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 on the Abcourt-Barvue project.

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.

Strategy and Outlook

The Corporation is currently focussing on stabilizing and increasing the Elder production.
This involves preparing a new working schedule to increase production to at least 10,000
tonnes per month. Diamond drilling on surface has recently given good results and
confirms existing resources.

For the long-term growth in the gold sector, the Corporation has recently started
discussions with outside parties to accelerate the exploration on the Discovery and
Flordin gold properties, acquired in 2016, where substantial gold mineralization is found.

Discussions are currently taking place to use the full capacity of the Sleeping Giant mill,
with custom ore, thereby reducing the operating cost per tonne treated.
 This press release was prepared by Mr. Renaud Hinse, Engineer and President of
Abcourt Mines Inc. Mr. Hinse is a "Qualified Person" under the terms of Regulation 43 -
101.


Forward-Looking Statements

This news release contains forward-looking statements that include risks and
uncertainties. When used in this news release, the words "estimate", "project",
"anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well
as "will", "shall" and other indications of future tense, are intended to identify forward-
looking statements. The forward-looking statements are based on current expectations
and apply only as of the date on which they are made. Except as may be required by
law, the Corporation undertakes no obligation and disclaims any responsibility to publicly
update or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise.

The factors that could cause actual results to differ materially from those indicated in
such forward-looking statements include changes in the prevailing price of gold, the
Canadian-United States exchange rate, grade of ore mined and unforeseen difficulties in
mining operations that could affect revenue and production costs. Other factors such as
uncertainties regarding government regulations could also affect the results. Other risks
may be set out in Abcourt' annual and periodic reports. The forward -looking information
contained herein is made as of the date of this news release.

For more information, please contact:

Renaud Hinse, President and CEO
T: 819 768-2857 450 446-5511
F: 819 768-5475 450 446-3550
Email : rhinse@abcourt.com


  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.
 

File: PR Closing of $994477 P Placement (22-12-2017).doc



FOR IMMEDIATE RELEASE
TSX Venture - ABI.V 
December 22, 2017


ABCOURT CLOSES A PRIVATE PLACEMENT OF $ 994,477 IN FLOW-THROUGH SHARES AND COMMON UNITS
_______________________________________________________________________
Rouyn-Noranda, Canada, December 22, 2017 - Abcourt Mines Inc. (" Abcourt " or the " Corporation ") (TSX Venture: ABI, 
--->Berlin: AML-BE, Frankfurt Stock Exchange : AML-FF) has closed today a non-brokered private placement for a number of 9
--->,343,852 flow-through shares at a price of $0.085 per flow-through share for gross proceeds of $794,227 and a number o
--->f 267 Units at a price of $750 per Unit for gross proceeds of $200,250.  Each Unit is composed of 10,000 common shares
---> of the Corporation offered at a price of $0.075 per common share and of 5,000 common share purchase warrants, one war
--->rant and $0.10 being required to purchase one common share of the Corporation until December 22, 2019 2019 (the "Priva
--->te Placement").

Therefore, the Private Placement closed today consists in the sale of 9,343,852 flow-through shares, of 2,670,000 comm
--->on shares and the issuance of 1,335,000 common share purchase warrants. This represents total gross proceeds of $994,4
--->77, of which $794,227 shall be incurred by the Corporation in exploration expenditures on mining properties located in
---> the Province of Quebec. 

In connection with the Private Placement, finder fees of $27,475 will be paid to arm's length finders on some of the s
--->ubscriptions. The Corporation has also issued a total of 261,694 non-transferable common share purchase warrants to fi
--->nders, each warrant and $0.10 being required to purchase one common share of Abcourt until December 22, 2019.

Certain related parties to Abcourt (the "Related Parties") have participated in the Private Placement:

Renaud Hinse, director and chief executive officer of Abcourt, has purchased one (1) Unit (representing 10,000 common 
--->shares and 5,000 warrants) and 412,000 flow-through shares. Decochib inc., a private company controlled by Renaud Hins
--->e, has subscribed 750,000 flow-through shares.  After the Private Placement, assuming the exercise of the warrants inc
--->luded in the Units purchased by Renaud Hinse, Renaud Hinse would hold, directly or indirectly, or exercise control ove
--->r approximately 16.4% of the Company's common shares issued and outstanding; and

Normand Hinse, director of Abcourt, has purchased 67 Units (representing 670,000 common shares and 330,000 warrants). 
---> After the Private Placement, assuming the exercise of the warrants included in the Units purchased by Normand Hinse, 
--->Normand Hinse would hold, directly or indirectly, or exercise control over approximately 2.8% of the Company's common 
--->shares issued and outstanding.

The securities issued to the Related Parties in the Private Placement constitutes a "related party transaction" within
---> the meaning of Regulation 61-101 respecting protection of minority security holders in special transactions ("Regulat
--->ion 61-101"). In its consideration and approval of the Private Placement, the board of directors of Abcourt has determ
--->ined that such subscriptions to the Related Parties are exempt from the formal valuation and minority approval require
--->ments of Regulation 61-101 on the basis that the fair market value of these subscriptions to the Related Parties does 
--->not exceed 25% of the market capitalization of Abcourt, in accordance with sections 5.5 and 5.7 of Regulation 61-101.

All of the securities of Abcourt issued under the Private Placement are subject to a hold period of four months from t
--->he closing date, expiring on April 23, 2018. The Private Placement is subject to the final approval of the TSX Venture
--->.

About Abcourt Mines Inc. 

Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in nort
--->hwestern Quebec, Canada. The Elder property has gold resources (2012) and a positive P.E.A. study. 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 / Gen
--->ivar on the Abcourt-Barvue project. 
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Qu
--->ebec, in the territory covered by the Plan Nord of the Quebec government.  The mill has a capacity of 700 to 750 tonne
--->s per day.
Strategy and Outlook

The Corporation is currently focussing on stabilizing and increasing the Elder production. This involves preparing a n
--->ew working schedule to increase production to at least 10,000 tonnes per month. Diamond drilling on surface has recent
--->ly given good results and confirms existing resources.

For the long-term growth in the gold sector, the Corporation has recently started discussions with outside parties to 
--->accelerate the exploration on the Discovery and Flordin gold properties, acquired in 2016, where substantial gold mine
--->ralization is found. 

Discussions are currently taking place to use the full capacity of the Sleeping Giant mill, with custom ore, thereby r
--->educing the operating cost per tonne treated.

This press release was prepared by Mr. Renaud Hinse, Engineer and President of Abcourt Mines Inc.  Mr. Hinse is a "Qua
--->lified Person" under the terms of Regulation 43-101.

Forward-Looking Statements

This news release contains forward-looking statements that include risks and uncertainties. When used in this news rel
--->ease, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressi
--->ons, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking statem
--->ents. The forward-looking statements are based on current expectations and apply only as of the date on which they are
---> made. Except as may be required by law, the Corporation undertakes no obligation and disclaims any responsibility to 
--->publicly update or revise any forward-looking statements or information, whether as a result of new information, futur
--->e events or otherwise.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statemen
--->ts include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and u
--->nforeseen difficulties in mining operations that could affect revenue and production costs. Other factors such as unce
--->rtainties regarding government regulations could also affect the results. Other risks may be set out in Abcourt' annua
--->l and periodic reports. The forward-looking information contained herein is made as of the date of this news release.

For more information, please contact: 

Renaud Hinse, President and CEO 
T: 819 768-2857 450 446-5511 
F: 819 768-5475 450 446-3550 
Email : rhinse@abcourt.com 

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.



File: Com Presse cloture 994477$ placprive  (22-12-2017).docx.pdf

                                                                 POUR DIFFUSION IMMEDIATE
                                                               Bourse de croissance TSX   ABI.V
                                                                       22 decembre 2017



         ABCOURT COMPLETE UN PLACEMENT PRIVE DE 994 477$ EN
             ACTIONS ACCREDITIVES ET UNITES ORDINAIRES
_______________________________________________________________________

ROUYN-NORANDA, CANADA, le 22 decembre 2017   Mines Abcourt inc. ("
Abcourt " ou la " Societe ") ( Bourse de croissance TSX : ABI, Berlin et Frankfort)
annonce qu'elle a complete un placement prive sans l'entremise d'un courtier d'un
nombre de 9 343 852 actions ordinaires dites accreditives a un prix de 0,085 $ l'action
accreditive, pour un produit de souscription brut de 794 227 $ ainsi que d'un nombre de
267 unites a un prix de 750 $ l'unite, pour un produit de souscription brut de 200 250 $.
Chaque unite se compose de 10 000 actions ordinaires de la Societe offertes au prix de
0,075 $ l'action ordinaire et de 5 000 bons de souscription, un bon et 0,10 $ etant requis
pour l'acquisition d'une action ordinaire de la Societe jusqu'au plus tard le 22 decembre
2019 (le " placement prive ").

Ainsi, le placement prive clos aujourd'hui consiste en la vente de 9 343 852 actions
accreditives, de 2 670 000 actions ordinaires et de 1 335 000 bons de souscription.
Ceci represente un produit de souscription total de 994 477 $, dont 794 227 $ devront
etre engages par la Societe en depenses d'exploration sur des proprietes minieres
situees dans la province de Quebec.

Dans le cadre du placement prive, des frais d'intermediation de 27 475 $ seront verses
a des intermediaires sans lien de dependance avec la Societe a l'egard d'une partie
des souscriptions. De plus, la Societe emettra 261 694 bons de souscription
d'intermediaire non transferables, chaque bon et 0,10 $ etant requis pour l'acquisition
d'une action ordinaire d'Abcourt jusqu'au plus tard le 22 decembre 2019.

Certaines personnes apparentees a la Societe ont participe au placement prive, soit :

 -       Renaud Hinse, administrateur et chef de la direction d'Abcourt, a souscrit une (1)
         unite (representant 10 000 actions ordinaires et 5 000 bons de souscription) et
         412 000 actions accreditives. De plus, Decochib inc., une societe privee
         controlee par Renaud Hinse, a souscrit 765 000 actions accreditives. Apres le
         placement prive et presumant de l'exercice des bons de souscription souscrit s
         par Renaud Hinse, ce dernier detiendrait ou exercerait un controle, directement
         ou indirectement, sur environ 16,4% des actions emises et en circulation de la
         Societe; et

     -   Normand Hinse, administrateur d'Abcourt, a souscrit 67 unites (representant
         670 000 actions ordinaires et 335 000 bons de souscription). Apres le placement
         prive et presumant de l'exercice des bons de souscription souscrits par Normand
        Hinse, celui-ci detiendrait ou exercerait un controle, directement ou
       indirectement, sur environ 2,8% des actions emises et en circulation de la
       Societe.

Le placement prive aupres de ces personnes constitue une "operation avec des
personnes apparentees" aux termes du Reglement 61 -101 sur les mesures de protection
des porteurs minoritaires lors d'operations particulieres ("Reglement 61 -101"). Lors de
l'approbation du placement prive, le conseil d'administration de la Societe a determine
que les souscriptions des personnes apparentees etaient dispensees des exigences
d'evaluation officielle et d'approbation des porteurs minoritaires prevues au Reglemen t
61-101 sur la base que la juste valeur marchande de ces souscriptions n'excede pas
25 % de la capitalisation boursiere d'Abcourt, en conformite avec les articles 5.5 et 5.7
du Reglement 61-101.

Tous les titres de la Societe emis en vertu du placement prive sont assujettis a une
periode de restriction de vente de quatre mois et un jour, se terminant le 23 avril 2018.
Le placement prive est conditionnel a l'obtention de l'approbation finale de la Bourse de
croissance TSX.

A propos de Mines Abcourt Inc.

Mines Abcourt Inc. est un producteur d'or et une societe canadienne d'exploration avec des
proprietes strategiquement situees dans le nord-ouest du Quebec, au Canada. La propriete Elder
contient des ressources en or (2012) et a fait l'objet d'une etude PEA positive. Abcourt se
concentre presentement sur l'exploitation de la mine Elder.

La propriete Abcourt-Barvue a des ressources en argent et en zinc (2014). Une etude de
faisabilite a ete completee par Roche et Genivar en 2007.

En 2016, Abcourt a fait l'acquisition de la mine Geant Dormant, qui se trouve a mi-chemin entre
Amos et Matagami, en Abitibi, Quebec, dans le territoire couvert par le plan nord du
gouvernement du Quebec. La mine Geant Dormant possede une usine avec une capacite de
traiter de 700 a 750 tonnes par jour.

Strategie et perspective

Presentement, Abcourt se concentre sur la stabilisation et l'augmentation de la production a la
mine Elder. Ceci comprend la preparation d'un nouvel horaire de travail pour augmenter la
production jusqu'a 10 000 tonnes par mois. Des forages au diamant a la surface ont recemment
donnes de bons resultats et confirment les ressources connues.

Des discussions sont presentement en cours pour utiliser la pleine capacite de l'usine Geant
Dormant, avec du minerai a forfait, afin de reduire le cout unitaire des tonnes traitees.

Pour le plus long terme, dans le secteur de l'or, la Societe a debute des discussions avec
d'autres societes pour accelerer la prospection et l'evaluation des proprietes Flordin et Discovery,
acquises en juin 2016, ou on trouve de la mineralisation en or importante.
 De plus, en considerant les conditions favorables du marche du zinc, nous avons accelere notre
recherche d'une formule de financement du projet Abcourt-Barvue. Ce projet a des ressources
importantes en zinc et en argent.

Ce communique de presse a ete prepare par M. Renaud Hinse, ingenieur et president de Mines
Abcourt inc. M. Hinse est une personne qualifiee selon les termes du Reglement 43-101.

Enonces prospectifs

Le present communique renferme des declarations prospectives qui comportent des risques et
des incertitudes. Dans ce communique, l'emploi des termes " estimer ", " projeter ", " anticiper
", " prevoir ", " viser ", " croire ", " esperer ", " pouvoir " et des expressions semblables, de
meme que d'autres verbes au futur, a pour but d'identifier des declarations prospectives. Les
declarations prospectives sont fondees sur des attentes actuelles et ne sont pertinentes qu'a la
date de leur publication. Sauf exception prevue dans les lois applicables, la Societe ne prend
aucun engagement, ni la responsabilite de mettre a jour ou de reviser publiquement toute
declaration prospective ou toute information prospective a la lumiere de nouvelles donnees,
d'evenements futurs ou pour toute autre raison.

Les facteurs qui peuvent causer une difference importante entre les resultats reels et ceux
indiques dans les declarations prospectives incluent les changements dans le prix de l'or au
marche, la valeur du dollar canadien par rapport au dollar americain, la teneur du minerai extrait
et des difficultes imprevues dans les activites minieres pouvant influer sur les revenus et les
couts de production. D'autres elements, telles des incertitudes en matiere de reglementation
gouvernementale, pourraient egalement modifier les resultats. S'il y a lieu, d'autres risques
peuvent etre decrits dans les rapports annuels et periodiques de Mines Abcourt inc. L'information
prospective incluse dans ce document est faite a la date de publication de ce communique.


Pour de plus amples informations :
Renaud Hinse, president
T : 819 768-2857 450 446-5511
F : 819 768-5475 450 446-3550
Courriel: rhinse@abcourt.com

      La Bourse de croissance TSX et son fournisseur de services de reglementation (au sens
        attribue a ce terme dans les politiques de la Bourse de croissance TSX) n'assument
       aucune responsabilite quant a la pertinence ou a l'exactitude du present communique.
 

File: Com Presse cloture 994477$ placprive  (22-12-2017).docx.doc


Pour diffusion immediate



ABCOURT COMPLETE UN PLACEMENT PRIVE DE 994 477$ EN ACTIONS ACCREDITIVES ET UNITES ORDINAIRES
_______________________________________________________________________
ROUYN-NORANDA, CANADA, le 22 decembre 2017 - Mines Abcourt inc. (" Abcourt " ou la " Societe ") (Bourse de croissance 
--->TSX : ABI, Berlin et Frankfort) annonce qu'elle a complete un placement prive sans l'entremise d'un courtier d'un nomb
--->re de 9 343 852 actions ordinaires dites accreditives a un prix de 0,085 $ l'action accreditive, pour un produit de so
--->uscription brut de 794 227 $ ainsi que d'un nombre de 267 unites a un prix de 750 $ l'unite, pour un produit de souscr
--->iption brut de 200 250 $.  Chaque unite se compose de 10 000 actions ordinaires de la Societe offertes au prix de 0,07
--->5 $ l'action ordinaire et de 5 000 bons de souscription, un bon et 0,10 $ etant requis pour l'acquisition d'une action
---> ordinaire de la Societe jusqu'au plus tard le 22 decembre 2019 (le " placement prive ").

Ainsi, le placement prive clos aujourd'hui consiste en la vente de 9 343 852 actions accreditives, de 2 670 000 action
--->s ordinaires et de 1 335 000 bons de souscription. Ceci represente un produit de souscription total de 994 477 $, dont
---> 794 227 $ devront etre engages par la Societe en depenses d'exploration sur des proprietes minieres situees dans la p
--->rovince de Quebec. 

Dans le cadre du placement prive, des frais d'intermediation de 27 475 $ seront verses a des intermediaires sans lien 
--->de dependance avec la Societe a l'egard d'une partie des souscriptions. De plus, la Societe emettra 261 694 bons de so
--->uscription d'intermediaire non transferables, chaque bon et 0,10 $ etant requis pour l'acquisition d'une action ordina
--->ire d'Abcourt jusqu'au plus tard le 22 decembre 2019.

Certaines personnes apparentees a la Societe ont participe au placement prive, soit :

Renaud Hinse, administrateur et chef de la direction d'Abcourt, a souscrit une (1) unite (representant 10 000 actions 
--->ordinaires et 5 000 bons de souscription) et 412 000 actions accreditives. De plus, Decochib inc., une societe privee 
--->controlee par Renaud Hinse, a souscrit 765 000 actions accreditives. Apres le placement prive et presumant de l'exerci
--->ce des bons de souscription souscrits par Renaud Hinse, ce dernier detiendrait ou exercerait un controle, directement 
--->ou indirectement, sur environ 16,4% des actions emises et en circulation de la Societe; et 

Normand Hinse, administrateur d'Abcourt, a souscrit 67 unites (representant 670 000 actions ordinaires et 335 000 bons
---> de souscription). Apres le placement prive et presumant de l'exercice des bons de souscription souscrits par Normand 
--->Hinse, celui-ci detiendrait ou exercerait un controle, directement ou indirectement, sur environ 2,8% des actions emis
--->es et en circulation de la Societe. 

Le placement prive aupres de ces personnes constitue une "operation avec des personnes apparentees" aux termes du Regl
--->ement 61-101 sur les mesures de protection des porteurs minoritaires lors d'operations particulieres ("Reglement 61-10
--->1").  Lors de l'approbation du placement prive, le conseil d'administration de la Societe a determine que les souscrip
--->tions des personnes apparentees etaient dispensees des exigences d'evaluation officielle et d'approbation des porteurs
---> minoritaires prevues au Reglement 61-101 sur la base que la juste valeur marchande de ces souscriptions n'excede pas 
--->25 % de la capitalisation boursiere d'Abcourt, en conformite avec les articles 5.5 et 5.7 du Reglement 61-101.

Tous les titres de la Societe emis en vertu du placement prive sont assujettis a une periode de restriction de vente d
--->e quatre mois et un jour, se terminant le 23 avril 2018. Le placement prive est conditionnel a l'obtention de l'approb
--->ation finale de la Bourse de croissance TSX.

A propos de Mines Abcourt Inc.

Mines Abcourt Inc. est un producteur d'or et une societe canadienne d'exploration avec des proprietes strategiquement 
--->situees dans le nord-ouest du Quebec, au Canada. La propriete Elder contient des ressources en or (2012) et a fait l'o
--->bjet d'une etude PEA positive. Abcourt se concentre presentement sur l'exploitation de la mine Elder.

La propriete Abcourt-Barvue a des ressources en argent et en zinc (2014). Une etude de faisabilite a ete completee par
---> Roche et Genivar en 2007. 

En 2016, Abcourt a fait l'acquisition de la mine Geant Dormant, qui se trouve a mi-chemin entre Amos et Matagami, en A
--->bitibi, Quebec, dans le territoire couvert par le plan nord du gouvernement du Quebec. La mine Geant Dormant possede u
--->ne usine avec une capacite de traiter de 700 a 750 tonnes par jour.

Strategie et perspective

Presentement, Abcourt se concentre sur la stabilisation et l'augmentation de la production a la mine Elder. Ceci compr
--->end la preparation d'un nouvel horaire de travail pour augmenter la production jusqu'a 10 000 tonnes par mois. Des for
--->ages au diamant a la surface ont recemment donnes de bons resultats et confirment les ressources connues. 

Des discussions sont presentement en cours pour utiliser la pleine capacite de l'usine Geant Dormant, avec du minerai 
--->a forfait, afin de reduire le cout unitaire des tonnes traitees.

Pour le plus long terme, dans le secteur de l'or, la Societe a debute des discussions avec d'autres societes pour acce
--->lerer la prospection et l'evaluation des proprietes Flordin et Discovery, acquises en juin 2016, ou on trouve de la mi
--->neralisation en or importante. 

De plus, en considerant les conditions favorables du marche du zinc, nous avons accelere notre recherche d'une formule
---> de financement du projet Abcourt-Barvue. Ce projet a des ressources importantes en zinc et en argent.

Ce communique de presse a ete prepare par M. Renaud Hinse, ingenieur et president de Mines Abcourt inc.  M. Hinse est 
--->une personne qualifiee selon les termes du Reglement 43-101.

Enonces prospectifs

Le present communique renferme des declarations prospectives qui comportent des risques et des incertitudes. Dans ce c
--->ommunique, l'emploi des termes " estimer ", " projeter ", " anticiper ", " prevoir ", " viser ", " croire ", " esperer
---> ", " pouvoir " et des expressions semblables, de meme que d'autres verbes au futur, a pour but d'identifier des decla
--->rations prospectives. Les declarations prospectives sont fondees sur des attentes actuelles et ne sont pertinentes qu'
--->a la date de leur publication. Sauf exception prevue dans les lois applicables, la Societe ne prend aucun engagement, 
--->ni la responsabilite de mettre a jour ou de reviser publiquement toute declaration prospective ou toute information pr
--->ospective a la lumiere de nouvelles donnees, d'evenements futurs ou pour toute autre raison.

Les facteurs qui peuvent causer une difference importante entre les resultats reels et ceux indiques dans les declarat
--->ions prospectives incluent les changements dans le prix de l'or au marche, la valeur du dollar canadien par rapport au
---> dollar americain, la teneur du minerai extrait et des difficultes imprevues dans les activites minieres pouvant influ
--->er sur les revenus et les couts de production. D'autres elements, telles des incertitudes en matiere de reglementation
---> gouvernementale, pourraient egalement modifier les resultats. S'il y a lieu, d'autres risques peuvent etre decrits da
--->ns les rapports annuels et periodiques de Mines Abcourt inc. L'information prospective incluse dans ce document est fa
--->ite a la date de publication de ce communique.


Pour de plus amples informations :
Renaud Hinse, president 
T : 819 768-2857    450 446-5511
F : 819 768-5475    450 446-3550
Courriel: rhinse@abcourt.com 

La Bourse de croissance TSX et son fournisseur de services de reglementation (au sens attribue a ce terme dans les pol
--->itiques de la Bourse de croissance TSX) n'assument aucune responsabilite quant a la pertinence ou a l'exactitude du pr
--->esent communique.



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