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Corporate Profile

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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 News releases
   

 

SHARES STRUCTURE (March 6, 2017)    
Common Shares outstanding = 276,678,219
Options outstanding =   8,100,000
Warrants = 12,950,000

 

THE COMPANY

Abcourt Mines Inc. is a gold producer and Canadian exploration company with strategically located mining properties located in Abititi, Province of Quebec, Canada.  For a description of it's mining properties see the press release under News, the management discussions and analysis in Financial Information and the technical reports filed on SEDAR or under Downloads.

The Elder property contains gold resources (2012) and was subject of a positive P.E.A. study.  In January 2016, Abcourt has declared that the Elder property was in commercial production.  During the quarter closed on March 31, 2016 almost 3,000 onces of gold were extracted from the Elder mine.

In June 2016, Abcourt has acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, Abitibi. The mill has a capacity of 700 to 750 tons of ore per day.  Many other exploration properties with historical gold resources were also acquired.

A 2008 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.

The resources for the Abcourt-Barvue property and the Elder mine were revised by an independant qualified person in conformity with Regulation 43-101.

The resources mentioned in Financial Information on our web site for the Vendome-Barvallee, Jonpol, Discovery and Flordin properties as well as the Aldermac property were prepared before the publication of Regulation 43-101 and are presented for historical reasons only. 

Abcourt is a reporting issuer in Quebec, Ontario, Alberta and British Columbia. It is listed on the TSX Venture Exchange under the trading symbol ABI.V and in Berlin (AML-BE) and Frankfurt (AML-FF).  

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DIRECTORS AND OFFICERS

Directors: Officers:
Renaud Hinse Renaud Hinse, president and CEO
François Mestrallet Julie Godard, corporate secretary
Jean-Guy Courtois Christine Lefebvre, chief accountant
Marc Filion Consultants:
Normand Hinse Marc Filion
André De Guise Charles H. Bélanger
  Judith L. Hinse
   
Investor Relations:   Renaud Hinse                                 

Renaud Hinse, P. Eng.,  President, Director and Chief Executive Officer, has worked extensively within the mining industry in Quebec for more than 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. 

Jean-Guy Courtois, Director, has several years of experience inthe 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 Chief Financial Officer, 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.

André De Guise, B. Sc, mining engineer,Director, graduated from the Polytechnical University of Montreal. During the past 40 years, he has worked for different mining companies, progressing regularly, becoming a mine manager in 1990. He has since worked for various companies with that title and as a consultant.

François Mestrallet, Director, is a veterinairian member of the "École nationale vétérinaire" of Lyon, France, since 1980. Since 1983, he is president of Demavic, a private company located in France manufacturing materials for animals.

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.  She is corporate secretary of Orex Exploration Inc. and Explor Resources Inc.

Charles H. Bélanger, P. Eng., M.B.A., Consultant, mines, has 30 years of mining experience, mostly in north-western Quebec

Christine Lefebvre, LLB, CPA, CA is member of the Chartered Professional Accountants Association of Canada and of the Barreau du Québec.  She accumulates five years of experience in the practice of law and has worked ten years for the accounting firm Raymond Chabot Grant Thornton, of Rouyn-Noranda and of Val d’Or, Province of Quebec.  Since 2009, she has been acting as external auditor for this firm and has been in charge of audit mandates for junior mining companies and for mining companies in development.

Judith L. Hinse, BAAconsultant, is responsible of communications between the head office and mine office

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CORPORATE GOVERNANCE PRACTICES

The following table describes the Corporation's approach to corporate governance with reference to Regulation 58-101 respecting Disclosure of Corporate Governance Practices ("the Regulation 58-101") for venture issuers. The Corporation believes that its practices are adequate and efficient for its organization as well as for its statuts of junior exploration company and small gold producer. The matters pertaining to the corporate governance practices are studied by the Board of Directors.

 

Composition of the Board of directors (The "Board"):

The Board presently constists of six directors.

Renaud Hinse, CEO, Normand Hinse, son of the CEO, Jean-Guy Courtois, brother-in-law of the CEO and Marc Filion, CFO of the Corporation since October 24, 2014, are considered not to be independent pursuant to Regulation 52-110 in reason of their position as officers of the Corporation or the affiliation with an executive officer.

François Mestrallet and André De Guise are considered as independent members.

Directorships:

The only director that is presently also director of other reporting issuers is Marc Filion, director of ADF Group until May 1, 2015 and director of Ressources Sama Inc. since May 28, 2015.

Orientation and Continuing Education:

The Board does not currently have a formal orientation program for new directors. The Board briefs 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. 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 and mining 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's executive officers and directors.  An annual amount is paid to a private corporation related to the CEO for consulting and administration fees. Professional and consulting fees can also be paid to directors for professional services rendered to the Corporation.  Since October 2014, the Corporation grants meeting fees to its directors for their attendance to the Board meetings.

Other Board Committees:

The Corporation has established an Environment, Health and Safety Committee composed of two independent members and one non-independent member.  The committee shall assist the Board in fulfilling its responsibilities, including (i) the establishment and review of safety, health and environmental policies; (ii) the management of the implementation of compliance systems; (iii) the monitoring of the effectiveness of safety, health and environmental policies, systems and monitoring processes; (iv) the review of the performance of the Corporation with regard to the impact of health, safety and environmental decisions; and (v) the receipt of audit results and updates form management with respect to health safety and environmental performances.

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.

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INVESTORS INFORMATION

Exchange listings:

TSX.V (ABI-V) and on the Berlin Stock Exc. (AML-BE) and on the Frankfurt Exchange (AML-FF).

Registrar and Transfer Agent: 

Computershare, 1500 University St, Suite 700, Montreal, Quebec, H3A 3S8, Canada,

T: (514)982-7888

Legal Counsel:

Julie Godard, Rouyn-Noranda, Quebec, Canada 

T: (819) 797-9336

Auditors:

Dallaire & Lapointe Inc., Rouyn-Noranda, Quebec,

T: (819) 762-0010

Head Office :

506 des Falaises St., Mont-St-Hilaire, Quebec, J3H 5R7, Canada

T: (450)446-5511   F: (450)446-3550

Email: rhinse@abcourt.com

Investor Relations:       

Renaud Hinse

T: (819) 768-2857  F: (819) 768-5475  

or  T: (450) 446-5511    F: (450) 446-3550 

Email: rhinse@abcourt.com

Mine office: 

P.O.Box 459, Rouyn-Noranda (Evain), QC, J0Z 1Y1, Canada 

T: (819) 768-2857   F: (819) 768-5475 Email:

rhinse@abcourt.com

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