By Laura Lutz
Des Moines, Aug. 15 - Abcourt Mines Inc. raised C$1 million from a private placement of flow-through shares with MineralFields Group.
Abcourt sold 1,666,666 flow-through shares at C$0.60 each.
Proceeds will be used for exploration on the company's Aldermac and Jonpol properties as well as for environmental and metallurgical studies on its Abcourt-Barvue project.
Abcourt is an exploration and development company based in Mont-St-Hilaire, Quebec.
| Issuer: | Abcourt Mines Inc.
|
| Issue: | Flow-through shares
|
| Amount: | C$1 million
|
| Shares: | 1,666,666
|
| Price: | C$0.60
|
| Warrants: | No
|
| Investor: | MineralFields Group
|
| Settlement date: | Aug. 14
|
| Stock symbol: | TSX Venture: ABI
|
| Stock price: | C$0.46 at close Aug. 14
|
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