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Last $0.03 USD
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As of 4:30 PM 02/4/15 All times are local (Market data is delayed by at least 15 minutes).

abe resources inc (ABEPF) Snapshot

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09/26/14 - $0.04
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abe resources inc (ABEPF) Details

ABE Resources Inc. acquires and develops mineral properties in Québec, Canada. The company focuses on the exploration of gold and uranium. It primarily holds a 100% interest in the Mazarin project consisting of 69 claims covering 3,706 hectares located north of Amos in the Abitibi region; and Valrennes project consisting of 30 claims covering 1676 hectares located northwest of Joutel in the Abitibi region. The company was formerly known as Abitex Resources Inc. and changed its name to ABE Resources Inc. in April 2013. ABE Resources Inc. is headquartered in Val-d’Or, Canada.

abe resources inc (ABEPF) Top Compensated Officers

Co-Chairman, Chief Executive Officer and Pres...
Total Annual Compensation: C$79.3K
Chief Financial officer
Total Annual Compensation: C$72.3K
Compensation as of Fiscal Year 2014.

abe resources inc (ABEPF) Key Developments

ABE Resources Inc., Annual General Meeting, Feb 27, 2015

ABE Resources Inc., Annual General Meeting, Feb 27, 2015., at 14:00 US Eastern Standard Time. Location: at the head office of the Corporation at 1019 des Pins Boulevard. Agenda: To receive the financial statements of the Corporation for the financial year ended August 31, 2014, the auditors' report thereon; to elect the Directors for the ensuing year; to appoint the auditors for the ensuing year and authorize the Directors to fix their remuneration; to consider, and if deemed appropriate, to adopt, with or without amendment, a resolution to approve the stock option plan for the Corporation; and to transact such other business as may properly come before the meeting or any adjournment thereof.

ABE Resources Inc. Announces the Acquisition by Staking of Two Large Gold and Base Metal Exploration Projects in the Abitibi Region of Québec

ABE Resources Inc. at its annual general meeting held on February 26, 2014, reported the acquisition by staking of two large gold and base metal exploration projects in the Abitibi region of Québec. The Mazarin property is located approxmately 50 km north of the town of Amos. It consists of 69 claims covering 3,706 hectares. The property covers over 20km of strike of the Octave River Formation which consists of Archean Rhyolites, Rhyodacites and Dacites, as well as Intermediate and Felsic Tuffs. The Valrennes property is located approxmately 30 km northwest of the past mining town of Joutel, itself located 130km north of Amos, Québec. The property consists of 30 claims covering 1676 hectares. Access is available through forestry roads. It is located east of the dormant Estrades high grade polymetallic deposit, and WNW of the Agnico-Eagle past producing Eagle and Telbel gold mines and the past producing Joutel base metal camp. The property covers over 14km of strike along the Valrennes Formation which is comprised of varying felsic tuffs bound by mafic volcanics to the north and south.

ABE Resources Inc. Secures $657,244 Loan from Investissement Québec

ABE Resources Inc. announced the receipt of a secured loan in the amount of $657,244 from Investissement Québec. The loan is secured by a movable hypothec on the universality of claims and accounts receivable present and future affecting in first rank the Company's tax credit receivable present and future. The loan is mainly secured by ABE's exploration tax credits receivable from Revenue Québec which total $953,702. The loan bears an interest rate of prime (actually 3%) plus 5.5% (effective rate of 11.12%). The loan will mature on December 31, 2014 unless repaid earlier in accordance with the terms and conditions of the loan. The Company intends to use the proceeds of the loan for advancement of its business plan and for working capital.


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