Abcourt Mines Inc.

Abcourt Mines Inc.

February 18, 2014 16:05 ET

Abcourt Mines Inc.: Grant of Stock Options in Favor of a Director

ROUYN-NORANDA, QUÉBEC--(Marketwired - Feb. 18, 2014) -

Abcourt Mines Inc. (TSX VENTURE:ABI) (the "Company") announces that its Board of Directors has the grant of stock options to purchase a 300,000 Class B shares of the Company, at an exercise price of $0.10 per share, in favor of a director that was elected as such for the first time at the annual and general shareholders meeting of the Company held last December 2013. These options, valid for 5 years, were granted in accordance with the Company's stock option plan. With this grant, the Company now has a number of 10,500,000 stock options outstanding. The Company has 182,332,419 Class B shares issued and outstanding.

The directors of the Company receive no salary and their only remuneration is the options that they receive as such. The grant of stock options by the Company provides its directors with a long-term incentive for performance and commitment to the Company. The Company believes that participation by the directors in the stock option plan aligns their interests with those of its shareholders, as they are rewarded for the Company's performance as evidenced by share price appreciation. The grant of stock options allows the Company to attract, motivate and retain qualified individuals necessary to achieve corporate objectives of the Company.

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.

Contact Information

  • Renaud Hinse
    President and CEO
    819 768-2857 or 450 446-5511
    819 768-5475 or 450 446-3550 (FAX)