Abcourt Mines Inc. announced a non-brokered private placement of up to 39,568,750 units at a price of CAD 0.04 per unit for the aggregate gross proceeds of CAD 1,582,750 on August 31, 2023. Each Unit consists of one common share and one common share purchase warrant. Each Warrant entitles the holder thereof to purchase one common share at a price of CAD 0.05 for a period of 36 months following the closing date of the offering.

A cash commission of CAD 1,800 and warrants to acquire 45,000 units at a price of CAD 0.05 per unit are payable to Red Cloud Securities Inc., as finder?s fees, for subscriptions sourced by the Finder. All securities issued in connection with the Offering are subject to a restricted period ending on the date that is four months plus one day following the date of their issuance, expiring on January 7, 2024, in accordance with Canadian securities laws and policies of the TSX Venture Exchange. The transaction is subject to the approval of the Exchange.