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Abcourt Mines Inc
Symbol C : ABI
Shares Issued 288,703,070
Close 2018-12-18 C$ 0.065
Recent Sedar Documents

Abcourt Mines shareholders elect six directors

2018-12-19 11:19 ET - News Release

Mr. Renaud Hinse reports

RESULTS FROM THE ANNUAL SHAREHOLDERS MEETING AND GRANT OF STOCK OPTIONS.

Abcourt Mines Inc. has released the results of its annual meeting of shareholders held on Dec. 14, 2018. The shareholders approved the appointment of Dallaire & Lapointe Inc. of Rouyn-Noranda as auditor of the corporation. The shareholders also approved, in percentages varying from 97 per cent to 99 per cent of the voted shares, the election of the following directors: Renaud Hinse, Dr. Daniel Adam, Jean-Guy Courtois, Normand Hinse, Francois Mestrallet and Nicole Veilleux.

The corporation is happy to welcome two new directors, Dr. Adam and Ms. Veilleux. Ms. Veilleux is a professional chartered accountant with over 30 years of experience in financing, including her experience as auditor at KPMG SENCRL and as financial analyst for Industries Norbord Inc. as well as Fonds regional de solidarite de l'Abitibi-Temiscamingue. She has served as vice-president of finance at Richmont Mines Inc. until it was acquired by Alamos Gold Inc. in 2017. Prior positions held during her 20-year career at Richmont Mines include controller, financial director and chief financial officer. Dr. Adam holds a master's degree in geology and a PhD in geology from the University of Lorraine, France. He is a member of the Ordre des geologues du Quebec and the Association of Professional Geoscientists of Ontario. Dr. Adam held the positions of director of exploration and then vice-president of exploration at Richmont Mines until it was acquired by Alamos Gold in 2017. Before that, he worked at BHP Billiton (Selbaie mines project) for about 20 years, including as project geologist, production geologist, superintendent of operations and environment co-ordinator. The election of these two highly qualified persons to the board of Abcourt Mines will help the company to realize its objectives of growth and profitability.

At the board meeting that followed the shareholders meeting, the board of directors appointed Renaud Hinse as chief executive officer, Christine Lefebvre, CPA, as chief financial officer and Julie Godard, a lawyer, as corporate secretary. Also, the following directors were appointed to the audit committee: Ms. Veilleux (president), Normand Hinse and Mr. Mestrallet. Renaud Hinse (president), Normand Hinse and Dr. Adam were appointed to the environment, human resources, and health and safety committee.

The corporation has granted, as of Dec. 18, 2018, a total of 800,000 stock options in favour of the two new directors, allowing them to purchase a total of 800,000 common shares of the corporation at an exercise price of seven cents per share over a five-year period. These options were granted pursuant to the corporation's stock option plan.

About Abcourt Mines Inc.

Abcourt Mines is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada. The Elder property has gold resources (2018) and a positive preliminary economic assessment study (2012). Abcourt Mines is focused on the exploitation of the Elder mine.

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