| Aben Resources Announces Non-Brokered Private Placement Financing | |
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VANCOUVER, British Columbia, Nov. 9, 2015 (GLOBE NEWSWIRE) -- 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 $0.05 per unit ("Unit") to raise gross proceeds of up to $250,000. Each Unit will consists of one common share and one non-transferable share purchase warrant ("Warrant"), with each Warrant to entitle the holder to purchase one common share for a period of five years at a price of $0.055 per share from the closing date of the private placement.
A finder`s fee of 7% in cash and 7% in non-transferable warrants (the "Finder`s Warrants") may be paid in connection with part of this private placement. Each Finder`s Warrant will entitle the finder to purchase a common share at a price of $0.055 per share for a period of five years from the closing date of the private placement.
The Company intends to utilize the proceeds of this private placement to evaluate new business opportunities for Aben and for general working capital purposes.
The private placement is subject to TSX Venture Exchange acceptance.
About Aben Resources:
Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan`s Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.
For further information on Aben Resources Ltd. (ABN.V), visit our Company`s web site at www.abenresources.com.
Aben Resources has approx. 4.5 million shares issued and outstanding.
ABEN RESOURCES LTD.
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or: Don Myers Aben Resources Ltd. Corporate Communications Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: info@abenresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aben Resources Ltd via GlobeNewswireHUG#1965650
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Aben Resources Ltd.
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EXPLORATION STAGE |
CODE : ABN.V |
ISIN : CA00289T1084 |
CUSIP : 20855Q106 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Aben Resources is a gold and molybdenum exploration company based in Canada. Aben Resources holds various exploration projects in Canada. Its main exploration properties are SELWYN LAKE, GAMA LAKE, HIT, RALEIGH LAKE, HUARD-KIRSCH LAKE, SPROGGE, RUSTY SPRINGS, MANN LAKE and NWT PERMITS in Canada. Aben Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.5 millions as of today (US$ 3.6 millions, € 3.1 millions). Its stock quote reached its highest recent level on June 11, 1999 at CA$ 96.00, and its lowest recent point on February 17, 2023 at CA$ 0.02. Aben Resources has 31 940 000 shares outstanding. |