Coloured Ties Capital Inc V.TIE

Alternate Symbol(s): APEOF

Financial Services Capital Markets

Coloured Ties Capital Inc. is a Canada-based investment company. The Company is focused on investing in early-stage commercial ventures and provides investee companies with capital market access and advisory services. The Company invests in equity, debt and convertible securities, which the Company intends will be acquired and held both for long-term capital appreciation and shorter-term gains. The Company’s investment strategy also includes structuring and initiating deals focused on resources, themes, or regions as well as launching the development of businesses in select industries by helping with the hiring of management teams, providing seed capital and facilitating the transition of such private companies to the public market.

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Coloured Ties Capital Inc

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Comment by JimTorontoon Sep 18, 2016 5:16pm

91 Views

Post# 25250081

RE:RE:RE:Reserve Report for Argentine assets

CALGARY, ALBERTA--(Marketwire - June 7, 2011) - Americas Petrogas Inc. (the "Company" or "Americas Petrogas") (TSX VENTURE:BOE) announces that it has entered into agreements with Ingenieria Alpa SA ("Alpa") to acquire Alpa's 33% working interest in Los Toldos I, II, III and IV as well as Alpa's 19% working interest in Totoral, Yerba Buena and Bajada Colorada....

The Company has agreed to pay a total of US$4.6 million in cash for the acquisitions.

JimToronto wrote: 2008 Q2 F/S

“In August 2007, Americas issued 6,000,000 common shares to acquire an additional 20% interest in the Totoral, Yerba Buena and Bajada Colorada concessions resulting in a total interest in the concessions of 71%. The transaction was valued at $2,779,373.”

GRO now holds 90% interest of Totoral.

Public_Heel wrote:
Thanks for that, yyc. I really should have found that and read it before I put up my estimates of
liquidation value. That report is a good deal worse than I expected. Pre-tax Proved NPV10 of
$2.4m? I doubt an acquirer would give more than $1m for that. And that value is assuming the
Argentine government continues to pay far above world market prices. Heck, if you want to
assume that, there are other companies that would make better investments, President for one.

As for all the other properties, it's hard to believe they'd get more than pennies on the dollar.

In my estimates of liquidation values, I had Argentina at $5m, but that neds to be trimmed to
$1-$2m, and the estimate of maximum liquidation value down to 25-29 cents.