Abcourt Mines Inc. announced a non-brokered private placement of up to 54,545,455 units at an issue price of CAD 0.055 per unit for the gross proceeds of CAD 3,000,000 on June 13, 2023. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.10 for a period of 36 months following the closing date of the Offering.

All securities issued in connection with the Offering will be subject to a restricted period ending on the date that is four months plus one day following the date of their issuance, in accordance with Canadian securities laws. The transaction is subject to certain conditions, including receipt of the approval of the TSX Venture Exchange. The transaction is expected to close on June 27, 2023.