Abcourt Accepts $5.8M Financing Offer from Investissement Québec

Core Points - Abcourt Mines Inc. has accepted loan offers totaling $5,800,000 from Investissement Québec to finance tax credits related to resources for the fiscal years ending June 30, 2025, and June 30, 2026 [1][2] - The loans consist of a bridge loan of up to $1,300,000 for the fiscal year ending June 30, 2025, and a second bridge loan of up to $4,500,000 for the fiscal year ending June 30, 2026 [1][2] - The loans will bear interest at an annual rate equal to the prime rate plus 2.55% and will be secured by refundable tax credits and a support letter of credit representing 10% of the loans [2] Company Overview - Abcourt Mines Inc. is a Canadian development company with properties located in northwestern Québec, focusing on the Sleeping Giant mine and mill, as well as the Flordin property [3]