AIBIF Abitibi Mining Corp featured news, full reports, and detailed charts
Abitibi Mining Corp (AIBIF/AIBIF.PK) Wrap Up:
Abitibi Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily focuses on exploring gold and uranium deposits. It principally holds interests in the Tannahill property located in Tannahill Township; the Redhat property located in Webb, Lomond, and McIlraith Townships; and Centrefire Lake properties located in Lomond and McIlraith Townships, Ontario. The company is headquartered in Vancouver, Canada.Abitibi Mining Corp (AIBIF:Pink OTC Markets Inc)
Snapshot of Abitibi Mining Corp (AIBIF)
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OPEN
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PREVIOUS CLOSE
$0.04
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
03/12/09 - $0.04
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52 WEEK LOW
12/30/08 - $0.0040
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MARKET CAP
3.1M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
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SHARES OUTSTANDING
71.7M
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AIBIF Does Not Pay Dividends
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P/E TTM
NM
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AIBIF Top Compensated Officers
Executives, Board Directors
Key developments for Abitibi Mining Corp (AIBIF)
Abitibi Mining Corp. reported un-audited earnings results for the third quarter ended August 31, 2009. For the quarter, comprehensive loss was CAD 175,455 compared to comprehensive loss of CAD 182,110 for the same period last year. Net loss was CAD 175,325 against CAD 181,973 of previous year period. Cash used in operating activities was CAD 63,267 against CAD 141,388 for the same period a year ago.
Abitibi Mining Corp. announced subject to regulatory approval, the acquisition of a 100% interest in the Armstrong Lake, Ivanhoe, Muskego and Foleyet properties. The Tannahill gold project in the Larder Lake Mining Division will also continue to be a focus for the Company moving forward,' comments Company Chairman, Richard Hughes. The Armstrong Lake property consists of 10 claims (97 units) located in the Keith and Penhorwood Townships of Porcupine Mining Division. The property is accessible by road and is approximately 70 km southwest of Timmins. Consideration for the property consists of $105,000 and 400,000 shares. A further 100,000 shares are to be issued upon completion of a positive feasibility study. There is a 3% NSR, 1% of which may be purchased for $1,000,000. The Foleyet property consists of 8 claims (113 units) located in the Foleyet Township of Porcupine Mining Division. The property is accessible by road and is approximately 75 km southwest of Timmins. Consideration for the property consists of $140,000 and 400,000 shares. A further 100,000 shares are to be issued upon completion of a positive feasibility study. There is a 3% NSR, 1% of which may be purchased for $1,000,000. The Ivanhoe property consists of 232 units and is located in the Ivanhoe Township of Porcupine Mining Division. The property is accessible by road and is approximately 75 km southwest of Timmins. Consideration for the property consists of $180,000 and 400,000 shares.
Abitibi Mining Corp., Annual General Meeting, Nov 24, 2009, at 13:00 US Pacific Time. Location: Boardroom of Suite 711, 675 West Hastings Street, Vancouver, BC, V6B 1N2,Canada. Agenda: To receive and consider the comparative financial statements of the company for the financial year ended May 31, 2009, together with the report of the auditor thereon; to elect directors for the ensuing year or until their successors have been duly elected or appointed; to appoint auditors for the ensuing year and to authorize the directors to fix the remuneration of the auditors; to consider and, if thought advisable, pass an ordinary resolution that approves the company's Stock Option Plan; to consider and, if thought advisable, pass an ordinary resolution that approves the re-pricing of stock options to Insiders; and to transact such other business as may properly come before the Meeting or any adjournment thereof.
AIBIF Competitors
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Industry Analysis
| Valuation | AIBIF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 12.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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AIBIF |
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AIBIF transactions
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Private Placement
September 23, 2009 |
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