Visit this page for information about Abcourt Mines Inc. corporate profile. Use the quick links below to jump to each section:
The Company
Investors information
Members of the Board and Officers
(English and French)
Corporate governance
Metal prices
News releases
MINERAL RESOURCES (JUNE 30, 2008)
Gold ounces
Silver ounces
Zinc metric tonnes
Copper metric tonnes
37,800
19,644,354
278,830
-- --
257,416
10,335
2,226
28,375
1,046,000
52,400
24,800
3,118,000
24,500
28,478
215,789
282,034
24,065,770
366,065
55,504
Ounce of gold per fully diluted share: 0.002
Ounces of silver per fully diluted share: 0.25
Pounds of zinc per fully diluted share: 8.45
Pounds of copper per fully diluted share: 1.28
SHARE STRUCTURE (December 31, 2009)
Issued shares: 74,110,453 Category B (Common) shares Options and warrants: 21,373,744
Total number of diluted shares: 95,584,197
THE COMPANY
Abcourt Mines inc. is a Canadian based mining, development and exploration company with five strategically located properties in Northwestern Quebec, Canada, all easily accessible by roads.
The resources mentioned on our web site for the Vendome-Barvallee property, the Aldermac mine and the Jonpol property were prepared before the publication of National Instrument 43-101 and are presented for historical reasons only. See projects for additional details.
The resources for the Abcourt-Barvue property and the Elder mine have recently been revised by an independent qualified engineer, in accordance with National Instrument 43-101.
The Abcourt properties lie within and adjacent to the prolific gold-producing belts of the "Porcupine-Destor Break" and the "Larder Lake-Cadillac Break" that run through the Rouyn-Noranda and Val-d'Or, Quebec, regions where more than 40 million ounces of gold and substantial amounts of copper and zinc have been produced.
A recent 43-101 feasibility study completed by Genivar of Quebec City indicates that the Abcourt-Barvue silver-zinc proven and probable ore reserves are economical to mine at current silver and zinc prices.
Abcourt is a reporting company in Quebec, Alberta and British Columbia. It is listed on the TSX Venture Exchange under the trading symbol ABI.V and in Berlin and Frankfurt.
On December 31, 2009, the Company had $1.8 M in working capital.
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Directors: Officers:
Renaud Hinse Renaud Hinse, president and CEO
Judith L. Hinse Julie Godard, secretary
Jean-Guy Courtois Jean-Guy Courtois, CFO
Normand Hinse
Marc Filion Consultants:
Judy Baker Marc Filion
Christian Dupont Jean-Pierre Bérubé
Charles H. Bélanger
Investor Relations: FronTier Consultant
Jeffrey Boykin
Renaud Hinse, President, Director and Chief Executive Officer, has worked extensively within the mining industry in Quebec for 50 years. He received his degree as a mining engineer at Laval University in Quebec City and a certificate in metallurgical sciences at the Royal Technical College in Glasgow, Scotland. Mr. Hinse has also raised more than $50 M for mining projects.
Judith L. Hinse, Director, has several years of business experience and has worked in the field of education for almost 15 years. She is a former president of the Ste.Croix school board and of a Cegep. She also was a special advisor to the Ordre des Urbanistes du Quebec. Mrs. Hinse has a degree in business administration.
Jean-Guy Courtois, Director and CFO, has several years of experience in the field of business. Mr. Courtois is a former Vice President of Urgel Bourgie Ltée, Montreal.
Normand Hinse, Director, is president and owner of Système Electronique Rayco Ltée at Quebec City, Qc. Mr. Hinse is a graduate in business administration from the Quebec University at Trois-Rivières, Qc. His business has subsidiaries in the USA and in England. He does business throughout the world.
Marc Filion, Ph.D, M.B.A., Director and consultant, has more than thirty years of experience in the development and management of capital intensive world-class industrial projects in joint venture with international business partners. He has also been deeply involved in the negotiation, start-up and management of international projects as well as in marketing engineering and construction projects in the energy, light and heavy industrial and environmental sectors in Canada, Europe, Southeast Asia, the Middle East, Africa and South America. His career path includes lengthy assignments in Great Britain, France, Iran, Niger and Thailand, thus giving him practical experience in project management, in strategic planning at home and foreign markets and in the development of business in culturally different environments.
Christian Dupont, Director, is a mining engineer and has a B. Eng. Degree from Nova Scotia Technical College, Halifax, Nova Scotia. Mr. Dupont has been active in the mining industry since the early 1970's. Mr. Dupont has occupied several positions in the mining field. He has been senior mining engineer for Noranda and Chief Engineer for Exall Resources Inc. Mr. Dupont was also president and director of Kayorum Gold Mines Ltd., from 1992 to 1997 and vice-president of the same company in 1998. Between 1997 and 1998, he was also a director of Fieldex Exploration Inc. From 1997 to 2001, he was responsible of project management for Luzenac Inc., and from 2001 to 2006 he was vice president and director of TOM Exploration Inc. Since October 2005, Mr. Dupont has been President, Chief Executive Officer and Director of Explor Resources Inc.
Judith Baker, Director, holds an Honours B.Sc. Geological Engineering degree in mineral resources exploration and an M.B.A. Since October 2009, Mrs Baker has been a Consultant for America Lithium Minerals Inc., an early stage lithium exploration company based in Nevada and publicly trading on NASDAQ-OTCBB. Previously, she was the President, CEO and a director of Canada Lithium Corp. (formely Black Pearl Minerals Consolidated), a junior natural resource company listed on TSX-Venture Exchange. From 2000 to 2005, Mrs Baker worked as a mining analyst for various brokerage firms.
Julie Godard, Secretary, is a lawyer and she has been a member of the Quebec Bar since 1986. She has been practicing in her own office in Rouyn-Noranda since 1991. Most of her practice is in mining and securities.
Charles H. Bélanger, P. Eng., M.B.A., Consultant, mines, has 30 years of mining experience, mostly in north-western Quebec.
Jean-Pierre Bérubé, P. Eng., M.Sc., Consultant, is a geological engineer. He graduated from Laval University with a baccalaureate in geological engineering. He has 25 years of experience in mines and mining exploration, mostly in Quebec but also in the United States, Guyana and Honduras.
FronTier Consulting (Ari Toderovitz, president) was hired in December last as financial Consultant.
The following table describes the Corporation
Composition of the Board of directors (the "Board")
The Board consists of six directors, of which three are considered independent directors as this term is defined in Regulation 58-101.
Renaud Hinse, President and CEO, Judith L. Hinse, spouse of the President, Jean-Guy Courtois, Treasurer and Chef Financial Officer considered not to be independent in reason of their position as directors of the Corporation, the affiliation with an executive officer or in reason of the remuneration some have received from the Corporation during the last financial year.
Marc Filion, Jacques Lévesque and Normand Hinse are considered as independent pursuant to Regulation 58-101.
Directorships
The only director that is presently also directors of other reporting issuers is Jacques Levesque, director of Orex Exploration Inc. and Conway Resources Inc.
Orientation and Continuing Education
The Board does not currently have a formal orientation program for new directors. The Board brief all new directors with the policies of the Board and other relevant corporate and business information.
Ethical Business Conduct
The Board does not have a written code of ethics and conduct for the directors and officers. The Corporation has no employees. All the directors are required to act and carry-out their duties honestly and in good faith with a view to the best interest of the Corporation. The Corporation requests that all its directors act according to laws and rules whereby they are governed. Directors with an interest in a material transaction are required to declare their interest and abstain from voting on such transaction. All board members have solid track records in spheres ranging from financial to exploration in order to ensure a culture of ethical business conduct.
Nomination of Directors
The Board does not have a nominating committee. The current size and composition of the Board allows the entire Board to take the responsibility for finding and nominating new directors, taking into consideration the competencies, skills, experiences and ability to devote the required time.
Compensation Committee
The Board does not have a compensation committee. The current size of the Board allows the entire Board to take responsibility for considering compensation for the Corporation
Other Board Committees
The Corporation does not have any standing committees other than the Audit Committee.
Board Assessments
The Board is responsible for assessing its effectiveness as well as that of individual directors. The Board considers the mix of skills and experience that directors bring to the Corporation to assess whether they have the necessary skills to perform their function effectively. The Corporation communicates with its shareholders on a regular basis through press releases and the publication of financial information required to conform with its continuous disclosure obligations. The Corporation receives questions and comments from its shareholders by phone, email, on its web site and through the person responsible of investor relations.
Investor Relations:
Mine Office :
Jeffery P. Boykin
T: 252 299-2115 jboykin@abcourt.com
P.O. Box 459, Evain, Quebec, J0Z 1Y0, CanadaT: 819 768-2857 F: 819 768-5475
Available on: http://www.gold-eagle.com, and http://www.24hgold.com/english/InfoCompany.aspx?id=107668C3340
October 22, 2007: Click on the following adress: http:// www.howlett-research.com under "Naturals Resources"
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