Aben Resources Announces Private Placement Financing

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By peterc on July 3, 2017. No Comments

Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces a non-brokered private placement of up to 5,000,000 Units at a price of $0.10 per Unit to raise gross proceeds of up to $500,000. Each Unit will consist of one share and one share purchase Warrant entitling the holder to purchase an additional common share at a price of $0.15 for a period of three and one half years.

Aben also announces a non-brokered private placement of up to 6,000,000 flow-through Units at a price of $0.125 per flow-through Unit to raise gross proceeds of up to $750,000. Each flow-through Unit will consist of one flow-through share and one share purchase Warrant entitling the holder to purchase an additional non flow-through share at a price of $0.15 for a period of three and one half years.

A finder’s fee in the amount of 7% cash and 7% warrants may be paid in connection with part of these private placement offerings.

The Company intends to utilize the proceeds from these private placements for a 2017 exploration and drilling program at its Forrest Kerr Gold Project located in B.C.’s Golden Triangle region and for general working capital purposes.

www.abenresources.com

 

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