Abcourt Announces Brokered Private Placement for Gross Proceeds of Up to $8.5 Million

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ROUYN-NORANDA, Quebec, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the “Lead Agent”) to act as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a brokered “best efforts” private placement (the "Marketed Offering") for aggregate gross proceeds of up to $8,500,000 through the sale of (i) up to 41,666,666 flow-through units of the Corporation to be sold to charitable purchasers (each, a “Charity FT Unit”) at a price of $0.12 per Charity FT Unit and (ii) up to 41,176,471 units of the Corporation (each a “Unit”) at a price of $0.085 per Unit (the “Unit Price”).

Each Charity FT Unit will consist of one common share of the Corporation (each, a “FT Share”) to be issued as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one common share purchase warrant (each, a “Warrant”). Each Warrant shall entitle its holder to purchase one common share of the Corporation (each, a “Warrant Share”) at a price of $0.12 per Warrant Share at any time on or before that date which is 36 months after the Closing Date (as herein defined).

Each Unit will consist of one common share of the Corporation (each, a “Unit Share”) and one Warrant, with each Warrant exercisable by the holder to acquire a Warrant Share at a price of $0.12 for a period of 36 months following the Closing Date.

The Charity FT Units and Units will be offered on a “best efforts” brokered private placement basis in the provinces of Alberta, British Columbia, Manitoba, Ontario, Saskatchewan and Québec pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The securities issued under the Listed Issuer Financing Exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.