Science & Technology
Science and Technology
Science and Technology
Tue, June 16, 2009
Mon, June 15, 2009
Abcourt Mines Inc.: Abcourt Mines Inc. Has Hired MI3 Communications Inc to Provide Market-Making Activities for Abcourt
MONT-ST-HILAIRE, QUEBEC--(Marketwire - June 15, 2009) - Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE: ABI)(BERLIN:ABI)(FRANKFURT:ABI), is very pleased to announce that MI3 FINANCIAL COMMUNICATIONS INC. of Montreal, Quebec has been engaged to provide market-making activities to Abcourt for a period of four months commencing on June 17, 2009.
Market-Making Activities will be provided in conformity with TSX-Venture Exchange Policy 3.4 and applicable Securities Laws in Canada. These activities shall exclude market manipulation, market control and improper market-making activities, including those specified in section 2.7 of Policy 3.4.
Subject to the requirements and normal procedures of trading on the TSX Venture Exchange, MI3 will not buy all Abcourt' securities offered at the posted price, but rather, will buy a portion of the securities at the posted price and allow the price to drop before making further purchases. MI3 will not post a continuous bid and ask for a particular security, regardless of whether or not a buy or sell order is in place, if this could hold the security at a fixed price over an extended period of time rather that allow the market to find its own level.
The compensation for the services rendered by MI3 shall be $6,250.00 per month (plus applicable taxes) in cash.
Abcourt Mines Inc. is an exploration and development company with strategically located properties in Northwestern Quebec, Canada. The Abcourt-Barvue project with 43-101 silver-zinc ore reserves and resources and the Elder mine with 43-101 gold resources and the Aldermac property with historical copper-zinc resources are all former producers. Abcourt is now focused on bringing the Abcourt-Barvue and Elder projects back in production and at the same time, it is working on other projects (Aldermac, Jonpol and Vendome), to increase its mineral resources inventory. A positive 43-101 feasibility study was completed in 2007 on the Abcourt-Barvue project. In addition, mill equipment has been purchased. To know more about Abcourt, please consult our web site [ www.abcourt.com ] and Sedar [ www.sedar.com ], see "Abcourt Mines Inc". A small location plan and longitudinal projection of the Aldermac mineralized zones are shown on our web site.
The Abcourt shares are trading on the TSX Venture Stock Exchange under the symbol ABI.V and at Frankfurt and Berlin in Germany.
FORWARD-LOOKING STATEMENTS: Except for statements of historical facts, all statements in this news release, including, without limitation, statements regarding forecasts, plans and objectives of Abcourt Mines Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements
This press release was prepared by a qualified person, Mr Renaud Hinse, professional engineer and president of Abcourt Mines Inc. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Renaud Hinse, president
