Abcourt Mines exercises all 2018 share purchase warrants

Abcourt Mines Inc. has completed the exercise of all share purchase warrants issued under its 2018 private placement. In December 2020, 845,000 warrants were exercised, providing the company with $84,500. Globally, all 1,000,000 warrants have been exercised at a price of $0.10 per share, injecting a total of $100,000 into the company.

Proceeds from the warrant exercises are designated for the company's working capital and to fund exploration and development activities on its mining properties. Abcourt Mines is also currently conducting definition diamond drilling at its Sleeping Giant mine.

Separately, Abcourt Mines has temporarily suspended operations at its Elder mine due to an electrical incident requiring repairs to the hoist motor. This operational pause is expected to last between 12 to 15 days while the necessary repairs are completed.

Abcourt Mines is a Quebec-based gold producer and exploration company with properties in northwestern Quebec. The company is currently focused on the exploitation of the Elder mine and previously acquired the Sleeping Giant mine and its associated mill.