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Multiple insider buying at Abcourt Mines (V:ABI)

Updated Wednesday Jun 01, 2022 03:18 AM EDT

Decochib, a 10% Holder, acquired 6,650,000 Common Shares categorie B at a price of $0.10 and 6,650,000 Warrants exercisable at $0.15 on a direct ownership basis through a private transaction on May 31st, 2022. This represents a $665,000 investment into the company's shares and an account share holdings change of 14.7%.

Under the same terms:

Renaud Hinse, a Director and 10% Holder, acquired 6,650,000 Common Shares categorie B and 6,650,000 Warrants on an indirect ownership basis for registered holder Decochib inc. through a private transaction on May 31st, 2022. This represents a $665,000 investment into the company's shares and an account share holdings change of 14.7%.

Francois Joseph Pierre Marie Mestrallet, a Director and 10% Holder, acquired 400,000 Common Shares categorie B and 400,000 Warrants on a direct ownership basis and 4,600,000 Common Shares categorie B and 4,600,000 Warrants on an indirect ownership basis for registered holder SARL MF through a private transaction on May 31st, 2022. This represents a $500,000 investment into the company's shares and an account share holdings change of greater than 100%.

Abcourt Mines is in the Gold Sub Industry Group under the Basic Materials Sector.

Abcourt Mines Inc. is a gold production and exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties in Canada, principally gold. Its projects include Elder mine and Tagami, Sleepy Giant, Abcourt-Barvue, Discovery-Flordin (gold), Vendome (gold, silver, copper, and zinc), Aldermac (zinc, copper, silver), Jonpol (gold, silver, copper, and zinc), and other properties. The Elder mine and Tagami Property comprise of 36 contiguous claims, a mining concession and two mining leases located near Rouyn-Noranda, Quebec. The Sleepy Giant property comprises four mining leases covering an area of approximatively 458 hectares and 69 mining claims. The Abcourt-Barvue property covers approximately 4,755 hectares with 103 claims and two mining concessions. The Discovery project has 166 claims with a total area of 4,166 hectares. The Vendome property comprises approximately 59 full claims for a total of over 2,546 hectares.

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