Abcourt Mines Inc. is pleased to announce that it has closed its previously announced brokered private placement conducted by Red Cloud Securities Inc., as lead agent and sole bookrunner , for aggregate gross proceeds of $5,254,012.55 from the sale of the following: 12,943,500 units of the Company at a price of $0.055 per Unit for gross proceeds $711,892.50 from the sale of Units; and 69,878,770 common shares of the Company that qualify as "flow-through shares" within the meaning of subsection 66 of the Income Tax Act and section 359.1 of the Taxation Act at a price of $0.065 per FT Share for gross proceeds of $4,542,120.05 from the sale of FT Shares. Each Unit consists of one common share of the Company and one common share purchase warrant . Each Warrant entitles its holder t...