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Abcourt Mines Inc.: Annual and Special Meeting of Shareholders Held on December 7, 2012
Published : December 12, 2012
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Keywords :   Canada | Copper | Gold | Silver | Zinc |

MONT-ST-HILAIRE, QUÉBEC--(Marketwire - Dec. 12, 2012) - Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (News - Market indicators)(BERLIN:AML)(FRANKFURT:AML) (the "Company"), reports to the Company's shareholders that Messieurs Christian Dupont, Marc Filion, Jean-Guy Courtois, Normand and Renaud Hinse, who have been directors of the Company for many years, were re-elected at the Annual and Special Meeting held on December 7, 2012, for an additional year. Two new candidates, Messieurs Yves Usereau, CPA, CA, and André DeGuise, mining engineer, were elected for the first time for a term of one year. As the Company's projects are in a more advanced stage, these new directors will bring their experience and expertise to the development of the Company.

Dallaire & Lapointe Inc., Chartered Accountants of Rouyn-Noranda, were also re-appointed auditors of the Company for the year 2013.

The proposed amendment to the Company's Stock Option Plan (the "Plan") was approved by a large majority of votes cast at the Meeting. This amendment aims to extend from 90 days to 12 months the maximum delay to exercise an option when a person ceases to be a participant under the Plan, including in reason of a death. In addition, the amendment to the outstanding stock options in this line was approved by a majority of votes cast by disinterested shareholders. This amendment will entitle the optionees to exercise their outstanding options during a period of 12 months after they cease to be a participant under the Plan, including in reason of death.

After the Meeting, the Board of Directors met and approved, amongst other things, the grant of 300,000 common share stock options in favor of each of the two new directors, at an exercise price of $0.085 per option, valid for a five year period. Those options are subject to the terms and conditions of the Company's Plan, as amemded.

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 43-101 feasibility study was completed by GENIVAR in 2007 on the Abcourt-Barvue Project. In addition, mill equipment was purchased. A positive PEA report on Elder mine, prepared by Roche Ltd, Consulting Group, was recently received (November 2012). To know more about Abcourt, please visit our web site at and SEDAR. 

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.

Renaud Hinse
President and CEO
819 768-2857 / 450 446-5511
819 768-5475 / 450 446-3550 (FAX)
Companies Mentionned : Abcourt Mines | Mineral Resources | Noranda | X-ore |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Abcourt Mines Inc.

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$ 7.7 millions as of today (US$ 5.9 millions, € 5.4 millions).

Its stock quote reached its highest recent level on October 05, 2012 at CA$ 0.14, and its lowest recent point on February 20, 2015 at CA$ 0.04.

Abcourt Mines has 220 660 000 shares outstanding.

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Corporate Presentations of Abcourt Mines Inc.
2/22/2008Mining Sector Advisory Update as Abcourt MinesSets Up for Si...
In the News and Medias of Abcourt Mines Inc.
4/19/2006Addicted to Abcourt
Annual reports of Abcourt Mines Inc.
2008 Annual report
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...
1/4/2011Closing of a $1.5 M Non-Brokered Private Placement With Mine...
8/15/2007Closing of Private Placement
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.
6/8/20152015-06-08: Abcourt announces that a letter of intention has...
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 ...
2/28/20142014-02-28: Update estimate of 43-101 resources for Abcourt-...
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 ...
1/17/2011(Elder Mine)Continues to Expand Mineralized System at Elder Drilling Int...
12/7/2010(Abcourt-barvue)Announces First Drilling Results on Abcourt-Barvue Property
11/10/2010Accelerates its Diamond Drilling Program
1/26/2007Option on the Aldermac property approved
Corporate news of Abcourt Mines Inc.
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
2/28/2014An Updated Estimate of 43-101 Resources for the Abcourt-Barv...
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...
2/20/201343-101 Resource Report on Vendome Property
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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