Abcourt Mines Inc. (TSXV:ABI) announced a non-brokered private placement of 168 units at CAD 850 per unit for proceeds of CAD 142,800 and 3,907,500 flow-through shares at CAD 0.10 per share for proceeds of CAD 390,750 for gross proceeds of CAD 533,550 on January 4, 2017. Each unit consists of 10,000 class B common share and 5,000 share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at CAD 0.10 per share for a period of 12 months from the date of issue. The transaction included participation from returning investors, Renaud Hinse, Chief Executive Officer of the company for one unit and 350,000 flow-through shares to hold approximately 17.48% stake in the company on a fully diluted basis, Decochib inc. for 650,000 flow-through shares, Normand Hinse, director of the company for 18 units and 347,000 flow-through shares to hold approximately 2.45% stake in the company on a fully diluted basis, Systeme Electronique Rayco Ltée for 60 units, and Marc Filion, director of the company for 2 units and 83,000 flow-through shares to hold less than 1% stake in the company on a fully diluted basis. The securities issued are subject to hold period of four months from the date of closing expiring on May 1, 2017. The transaction is subject to final approval from the TSX Venture Exchange. TSX Venture Exchange has accepted for filing the documentation with respect to the transaction. The transaction included participation from 18 placees. Renaud Hinse, Chief Executive Officer of the company subscribed for 350,000 shares, Marc Filion, Chief Financial Officer of the company subscribed for 83,000 shares, and Normand Hinse subscribed for 347,000 shares.