Abcourt Mines (TSE:ABI) has released an update.
Abcourt Mines Inc. has successfully closed the first tranche of its private placement, raising $1,436,234 by selling over 28 million units at $0.05 each. The funds are earmarked for developing the Sleeping Giant Gold Project and other corporate purposes. Notably, associates of insider François Mestrallet acquired a significant portion of the units, with a second tranche expected to close following shareholder approval.
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