Abcourt Mines ( (TSE:ABI) ) just unveiled an update.
Abcourt Mines Inc. has successfully closed the first tranche of a non-brokered private placement, raising gross proceeds of $1,668,040. The funds will be used for the exploration and advancement of the company’s Flordin and Sleeping Giant gold projects in the Abitibi Greenstone Belt in Québec, as well as for working capital and general corporate purposes. The offering is subject to final approval by the TSX Venture Exchange, and all securities issued are under a statutory hold period.
More about Abcourt Mines
Abcourt Mines Inc. is a Canadian exploration company with properties strategically located in northwestern Québec, Canada. The company owns the Sleeping Giant mine and mill, as well as the Flordin property, focusing its development activities on these assets.
YTD Price Performance: -16.67%
Average Trading Volume: 247,699
Technical Sentiment Signal: Buy
Current Market Cap: C$44.35M
For a thorough assessment of ABI stock, go to TipRanks’ Stock Analysis page.