Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Industrial Metals & Minerals

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.

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Abcourt Mines Inc > Pershimex meeting result for merger

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Comment by PILGRIMon Jan 02, 2023 9:13am

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Post# 35199427

RE:RE:RE:Pershimex meeting result for merger

HI Fernand

If I could bring some comments to your synthesis my feeling is to finance 30 millions to a company of total market value 20 millions only by borrowing at a 10% rate is impossible.

None bank will borrow more than 30% of the market value

If you agree with this point it is simple to calculate the company needs 20 millions in equity first so reaching 50 millions or market value then borrow 15 millions (30% of its market value).

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