Abcourt Mines Inc. Raises Up to $8.5M for Flordin-Cartwright Project
Abcourt Mines Inc., a Canadian development company, is set to raise up to $8,500,000 through a brokered private placement. The funds will primarily support the exploration and advancement of the Flordin-Cartwright project, with Red Cloud Securities Inc. acting as the lead agent.
The placement offers a mix of 41,666,666 flow-through units and up to 41,176,471 units. Each unit comprises one common share and one warrant, exercisable at $0.12 per share for 36 months. Proceeds will also cater to working capital and general corporate purposes.
The offering is slated to close on or around October 31, 2025, pending necessary approvals. It's worth noting that the securities offered are not registered under the U.S. Securities Act and may not be offered, sold, or delivered within the United States.
Abcourt Mines Inc., with properties in northwestern Quebec, is utilizing this placement to fuel its projects. Investors should be aware of the risks and uncertainties associated with forward-looking statements.
