Abcourt Mines Inc.

Published : October 28th, 2014

Modification to the Stock Option Plan, Grant of Options to a Director and Appointment of a New Chief Financial Officer

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Keywords :   Canada | Copper | Gold | Silver | Zinc |

Modification to the Stock Option Plan, Grant of Options to a Director and Appointment of a New Chief Financial Officer

MONT-ST-HILAIRE, QUEBEC--(Marketwired - Oct 28, 2014) -

Abcourt Mines Inc. (the "Company") (TSX VENTURE:ABI) announces that its Board of directors has approved a modification to the stock option plan of the Company (the "Plan") in order to modify the minimum exercise price of an option from $0.10 per share to "the minimum price allowed by the Exchange". Furthermore, the Board of directors has granted stock options on 200,000 common shares to a director, at an exercise price of $ 0.07 per share, valid for a five-year period, pursuant to the terms of the Plan. These options were granted to replace stock options that expired on October 1, 2014 without being exercised.

The Company also announces that following the resignation of Mr. Yves Usereau as director and Chief Finance Officer as of October 3, 2014, Mr. Marc Filion, director of the Company since March 2007, was nominated as Chief Finance Officer of the Company.

About Abcourt Mines Inc.

Abcourt Mines Inc. is an exploration and development company with strategically located properties in northwestern Quebec, Canada. The Elder Mine with 43-101 gold resources, the Abcourt-Barvue Project with 43-101 silver-zinc ore reserves and resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Elder and Abcourt-Barvue projects back into production with Elder as the first priority. At the same time, the Company is working on other projects (Aldermac, Vezza, Jonpol and Vendome) to increase its mineral resources inventory. A 43-101 resource calculation was completed in July, 2012, for the Elder Mine. A positive PEA report was prepared on Elder mine in the Fall of 2012 by Roche Limited, Consulting Group. A positive 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased. To know more about Abcourt, please visit our web site at www.abcourt.com and SEDAR.

This press release was prepared by Mr. Renaud Hinse, a qualified person, President of Abcourt Mines Inc.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Abcourt Mines Inc.

DEVELOPMENT STAGE
CODE : ABI.V
ISIN : CA00288E3005
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Abcourt Mines is a silver and zinc development stage company based in Canada.

Abcourt Mines develops silver, zinc and gold in Canada, and holds various exploration projects in Canada.

Its main asset in development is ABCOURT-BARVUE in Canada and its main exploration properties are ELDER MINE, ALDERMAC, TAGAMI, VEZZA PROPERTY, JONPOL and VENDOME BARVALLEE in Canada.

Abcourt Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 12.5 millions as of today (US$ 10.0 millions, € 8.7 millions).

Its stock quote reached its lowest recent point on September 28, 2001 at CA$ 0.02, and its highest recent level on April 21, 2006 at CA$ 1.39.

Abcourt Mines has 276 680 000 shares outstanding.

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In the News and Medias of Abcourt Mines Inc.
4/19/2006Addicted to Abcourt
Annual reports of Abcourt Mines Inc.
Annual Report 2006
Financings of Abcourt Mines Inc.
10/18/2013Announces Closing of a $359,000 Private Placement
8/22/2013Announces the Closing of a Non-Brokered Private Placement fo...
10/2/2012Closes of a Non-Brokered Private Placement of $563,000
4/19/2011Announces Filing of Final Prospectus for New Issue of Units
3/29/2011Files Preliminary Short Form Prospectus For New Issue of Uni...
8/1/2007$3.02 Million Private Placements
7/25/2007private placements
Option Grants of Abcourt Mines Inc.
9/26/2012Engages Investor Relations Firm
Nominations of Abcourt Mines Inc.
8/27/2007Appointment of Mr. Charles Belanger as V-P, Mines
Project news of Abcourt Mines Inc.
6/1/20162016-06-01: Update to the acquisition agreement of the sleep...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
5/6/20152015-05-06: Abcourt terminates discussions concerning the ac...
3/25/20152015-03-25: Abcourt signs an Indicative Term Sheet aimed at ...
9/24/2013(Abcourt-barvue)Purchases 23 Claims in Barraute Township, in Abitibi, to Enl...
1/29/2013(Elder Mine)Update on the Rehabilitation Work Currently Being Done at th...
7/5/2011(Tagami)Four Holes Drilled by Abcourt on Tagami Property Intersected...
5/26/2011(Abcourt-barvue)Hole AB11-24 Drilled at Abcourt-Barvue Intersected 4.9 Meter...
5/12/2011(Elder Mine)The Dewatering of The Elder Mine Was Started at the Beginnin...
2/28/2011(Vendome Barvallee)Purchases an Interest in the Vendome Base Metal and Gold Pro...
2/15/2011(Abcourt-barvue)Drilling at Abcourt-Barvue Continues to Intersect Two Bands ...
1/26/2007Option on the Aldermac property approved
Corporate news of Abcourt Mines Inc.
7/7/20162016-07-06: Abcourt Announces the Grant of Stock Options and...
6/20/20162016-06-20: CLOSING TO THE ACQUISITION OF THE SLEEPING GIANT...
5/13/20162016-05-13: Exercise of Warrants
1/5/20162016-01-05: Abcourt Announces the Closing of a Non Brokered ...
7/15/20152015-07-15: Abcourt signs a formal custom milling agreement ...
2/10/2015A 1,500-Meter Surface Diamond Drilling Program Starts Immedi...
1/6/20152015-01-05: Abcourt Announces Final Closings of Non Brokered...
1/1/20152014-12-30: Abcourt announces a first closing of a non-broke...
12/16/20142014-12-16: Annual meeting of shareholders held on December ...
12/16/2014Incumbent Abcourt Directors All Re-Elected at Annual Meeting...
11/17/2014Abcourt Signs a Six-Month Milling Contract With QMX Gold Cor...
11/4/20142014-10-28: Modification to the stock plan, grant of options...
10/28/2014Modification to the Stock Option Plan, Grant of Options to a...
8/25/2014Abcourt Mines Inc.: Substantial Progress Made in Mine Develo...
7/14/2014Abcourt Announces Closing of a Non-Brokered Private Placemen...
6/9/2014Abcourt Mines Inc.: Update on Elder Gold Mine
4/11/2014Abcourt Mines Inc.: Update on Elder Gold Mine
9/10/2013(Elder Mine)Additional High Grade Gold Intersections at Elder Mine Near ...
8/16/2013Signs a Custom Milling Agreement With Aurbec Mines Inc., a W...
7/30/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
7/30/2013Elder Gold Mine Continues to Surprise Us With Some High Grad...
7/15/2013Restoration Plan for Elder Gold Mine Approved and New Resour...
7/8/2013Update on Elder Gold Mine Development
5/21/2013Mine Development at Elder Gold Mine is Progressing Well
4/18/2013Receives the Certificate of Authorization to Proceed With th...
12/12/2012Annual and Special Meeting of Shareholders Held on December ...
11/5/2012The Preliminary Economic Assesment (P.E.A.) Report of Elder ...
10/24/2012P.E.A. on Elder
9/10/2012Update on Elder
6/13/2011(Abcourt-barvue)Hole AB11-31 Drilled at Abcourt-Barvue Intersected 4.5 Meter...
6/8/2011Amendment to the Stock Option Plan and Grant of Stock Option...
4/23/2007Allied sets Oct for gold mine start
3/29/2007Option on Jonpol and Paramount
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