In the same category
Aben Appoints New Members to its Board of Directors
Published : March 03, 2011

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Argentina | Canada | Copper | Gold | Market | Rare Earth | Silver | Uranium |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2011) - Aben Resources Ltd. (News - Market indicators) (FRANKFURT:E2L) (the "Company") (formerly Consolidated Abaddon Resources Inc.) is pleased to announce the appointment of Mr. Ronald Netolitzky as Chairman and a Director of the Company. The Company further announces the appointment of Mr. Timothy Termuende, P.Geo. to its Board of Directors.

Mr. Ronald Netolitzky holds a Bachelor of Science degree from the University of Alberta and a M.Sc. degree from the University of Calgary, both in geological sciences. He has extensive exploration and mine development experience, and is an officer and director of a number of public mining companies currently involved in mineral exploration throughout the world. He was previously Chairman and President of Viceroy Resource Corporation, which achieved exploration success with its Gualcaymayo gold project in Argentina resulting in the sale of the company to Yamana Gold in 2006. Mr. Netolitzky was also Chairman of Brett Resources Inc., which was acquired by Osisko Mining Corp. in the Spring of 2010.

Ron has been directly involved in the mineral exploration industry in Western Canada since 1964. His knowledge of mineral exploration and aggressive business acumen resulted in exploration success on three Western Canadian gold and silver projects (all of which became producing mines): the Eskay Creek and Snip deposits in British Columbia and the Brewery Creek deposit in the Yukon. He was honoured with the Bill Dennis Prospector of the Year Award in 1990 by the Prospectors and Developers Association of Canada.

Mr. Timothy Termuende is a professional geologist with over 30 years experience in the mineral exploration industry. He is currently the President and Chief Executive Officer of Eagle Plains Resources Ltd. (TSX-V: EPL) and Copper Canyon Resources Ltd. (TSX-V: CPY) in addition to serving as Director of a number of other Public Companies. Since earning his degree in Geological Sciences at the University of British Columbia in 1987, Tim has worked on exploration projects throughout North, Central, and South America, and has inspected mineral deposits in the former Soviet Union. Tim has been continuously active in mineral exploration throughout western Canada since 1976, and currently oversees a broad range of ongoing exploration projects located throughout British Columbia, Saskatchewan, the Yukon and the Northwest Territories.

Aben also announces the resignation of Donald G. Myers from its board of directors. "We would like to thank Mr. Myers for his years of service to Aben's shareholders." stated Jim Pettit, president.

Aben Announces Flow-Through and Non Flow-Through Private Placements:

Aben Resources also announces it has arranged a non-brokered private placement of up to 6,000,000 flow-though units at a price of $0.25 per unit to raise gross proceeds of up to $1,500,000. Each flow-through unit consists of one flow-through common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase one flow-through common share at a price of $0.55 for a period of three years from the date of issuance.

The Company also announces a non-brokered private placement of up to 14,500,000 non flow-though units at a price of $0.20 per non flow-through unit to raise gross proceeds of up to $2,900,000. Each non flow-through unit consists of one non flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one non flow-through common share at a price of $0.35 per non flow-through common share for a period of three years from the date of issuance with a forced exercise provision attached to each warrant commencing on the day following the expiry of any applicable hold period on the underlying non flow-through common shares, stating that, if for ten consecutive trading days, the closing price of the listed shares of the Company exceeds $0.50 then the exercise period of the warrants will be reduced to a period of 10 days following such trading days.

The Company will pay a 7% finder's fee payable in units and 7% in B units, in connection with part of this private placement offering.

Aben intends to utilize the proceeds of this private placement towards the exploration and advancement of the Company's mineral properties in the Yukon and NWT.

Incentive Stock Options Granted:

The Company also announces that, pursuant to its stock option plan, it has granted incentive stock options to certain of its directors, officers, consultants and management company employees to purchase up to an aggregate of 3,202,397 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.23 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on February 23, 2011. Any shares to be issued upon exercise of the stock options will be subject to a hold period and shall not trade before July 2, 2011.

About Aben Resources:

Aben Resources is a Canadian gold, silver, rare earth and uranium exploration company developing properties in the Yukon, northern Ontario and northern Saskatchewan.

For further information on Aben Resources Ltd. (News - Market indicators), visit our Company's web site at www.abenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

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.

For more information, please contact

Aben Resources Ltd.
James G. Pettit
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
or
Aben Resources Ltd.
Don Myers
Corporate Communications
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@abenresources.com
www.abenresources.com
Data and Statistics for these countries : Argentina | Canada | All
Gold and Silver Prices for these countries : Argentina | Canada | All

Aben Resources Ltd.

EXPLORATION STAGE
CODE : ABN.V
ISIN : CA00289T1084
CUSIP : 20855Q106
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact 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 RALEIGH LAKE, HIT, SPROGGE, SELWYN LAKE, GAMA LAKE, HUARD-KIRSCH LAKE, 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$ 1.1 millions as of today (US$ 893 820, € 782 986).

Its stock quote reached its highest recent level on June 11, 1999 at CA$ 96.00, and its lowest recent point on August 09, 2022 at CA$ 0.04.

Aben Resources has 31 940 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Aben Resources Ltd.
3/27/2006Corporate profile
Annual reports of Aben Resources Ltd.
Annual Report 2007
Financings of Aben Resources Ltd.
9/19/2012Closes Second Tranche of Private Placement
9/11/2012Closes First Tranche of Private Placement
8/22/2012Arranges $1,000,000 Financing
4/17/2007Arranges Private Placement
Nominations of Aben Resources Ltd.
3/23/2015Annual General Meeting Held, Directors Re-elected
3/3/2011Appoints New Members to its Board of Directors
Project news of Aben Resources Ltd.
1/7/2013Mid-Day Breaking News From Focus Ventures, Aben Resources, a...
11/8/2012Mid-Day Breaking News From Aben Resources and Mountain Boy M...
6/27/2012Mid-Day Breaking News From El Nino, Aben Resources, and Siro...
6/7/2012Smartstox Interview with Jim Pettit on Aben Resources (June ...
5/22/2012Mid-Day Breaking News From Aben Resources, Puget Ventures, a...
2/9/2012Aben Resources Makes Significant Greenfields Gold and Silver...
7/5/2011Smartstox Report on Aben Resources (July 2011)
6/22/2011(Rusty Springs)Mobilizes Crews to Rusty Springs Silver-Copper Project, Yuko...
3/14/2011Options Rude Creek South Gold Property, Yukon
2/22/2011(Rusty Springs)Options Rusty Springs Silver Project, Yukon
2/14/2011(Nwt Permits)Announces Permit Acquisition in NWT
4/14/2010(Raleigh Lake)9 Metres 1.3% Lithium Drilled at Raleigh Lake Lithium and Ra...
2/12/2010(Raleigh Lake)Raleigh Lake Lithium Project Drill Program Begins
1/29/2010(Raleigh Lake)to Begin Drill Program on Raleigh Lake Lithium Property
10/1/2009(Raleigh Lake)Exploration Begins on Raleigh Lake Lithium Project
9/24/2009(Selwyn Lake)Exploration Begins on Selwyn Lake Rare Earth Property
2/13/2009(Mann Lake)Drill Program by Cameco Corp. Underway beside Abaddon's Mann...
2/8/2008(Mann Lake)Triex Minerals to Resume Drilling at Mann Lake Uranium Proje...
1/29/2008(Wild Uranium)JV Announced with Utah Uranium on Wild Claims
11/15/2007(Mann Lake) Begins Drilling at Mann Lake Uranium Project, Athabasca, Sa...
2/20/2006(Selwyn Lake)Uranium potential on the Cheap
Corporate news of Aben Resources Ltd.
7/21/2016Video-Company Presentation for Aben Resources Ltd.
7/6/2016Aben to Acquire 23,000 Hectares within B.C.'s Golden Triangl...
7/6/2016Aben to Acquire 23,000 Hectares within B.C.’s Golden Triangl...
6/30/2016News Release
6/3/2016Aben Resources Closes Final Tranche of Private Placement
5/31/2016Aben Resources Closes Second Tranche of Private Placement
5/30/2016Aben Resources Sets Stock Options
5/30/2016Aben Resources Closes First Tranche of Private Placement
5/27/2016Aben Resources Closes First Tranche of Private Placement
5/11/2016Aben Acquires Iskut River Property Between Snip and Eskay Cr...
5/11/2016Aben Acquires Iskut River Property between Snip and Eskay Cr...
3/17/2016Aben Resources Annual General Meeting Held, Directors Re-Ele...
12/22/2015CORRECTION FROM SOURCE: Aben Resources Closes 1st Tranche of...
12/22/2015Aben Resources Closes 1st Tranche of Private Placement Finan...
12/16/2015Skyharbour Resources Purchases Remaining Interest in Mann La...
7/30/2015Aben Resources Announces Share Consolidation
3/23/2015Aben Resources Annual General Meeting Held, Directors Re-ele...
11/3/2014Skyharbour Identifies Basement Conductor Targets at Mann Lak...
11/3/2014Skyharbour Resources Ltd. : Skyharbour Identifies Basement C...
11/3/2014Aben Resources Identifies Basement Conductor Targets at Mann...
11/3/2014Aben Resources Ltd. : Aben Resources Identifies Basement Con...
10/16/2014Aben Resources Reports High Grade Tungsten Results at Justin...
9/17/2014Aben Resources Exploration Update at Justin Gold-Silver-Tung...
9/11/2014Aben Resources Field Program at Mann Lake Uranium Project Co...
9/11/2014Skyharbour Resources Ltd. : Skyharbour Completes Field Progr...
9/11/2014Aben Resources Ltd. : Aben Resources Field Program at Mann L...
8/26/2014Aben Commences Exploration Program at Mann Lake Uranium Proj...
8/26/2014Aben Resources Ltd. : Aben Commences Exploration Program at ...
8/25/2014Skyharbour Resources Ltd. : Skyharbour Commences Exploration...
7/31/2014Aben Resources Closes $102,000 Flow Through Financing
7/28/2014Aben Resources Begins 2014 Exploration Program at Justin Gol...
7/15/2014Aben Resources Arranges $100,000 Flow Through Financing
7/10/2014Aben Resources Announces 2014 Exploration Program at Justin ...
7/10/2014Aben Resources Ltd. : Aben Resources Announces 2014 Explorat...
7/8/2014Aben Announces Exploration Program at Mann Lake Uranium Proj...
7/8/2014Skyharbour Resources Ltd. : Skyharbour Announces Exploration...
7/8/2014Aben Resources Ltd. : Aben Announces Exploration Program at ...
3/28/2014Aben Resources Closes $720,000 Private Placement
8/15/2013Amends VF Gold Property Option Agreement, SE Yukon
1/8/2013POW-WOW: Aben Resources Advancing Justin Gold Project in the...
1/7/2013Provides Update on its Flagship Justin Gold Project, Yukon
11/8/2012Continues to Expand POW Gold Zone at its Justin Gold Project...
9/25/2012Intersects 5.3m of 4.12 g/t Au in 150m Step-out Hole at POW ...
8/16/2012Aben Resources Ltd. : Aben Drills 46.6m of 1.49 g/t Au Inclu...
8/8/2012Aben Resources (TSX.V: ABN) Drilling Update and Northern Tig...
6/7/2012Aben Resources' Interview with President Jim Pettit conducte...
6/3/2011Yukon Exploration Update Construction of Summer Camp for Sel...
5/11/2011$4.5 Million Yukon 2011 Exploration Program Contracted to Te...
4/28/2011Closes $4.9 Million Private Placements
9/10/20097 Rare Earth and Lithium Claim Blocks Acquired
8/24/2009Staking and Evaluating Lithium Prospects Underway
7/15/2008Exploration Program Begins on Pukaskwa Uranium Claims in NW ...
12/6/2007Utah Uranium Completes First 10 Holes on Pinto Project
11/14/2007 & Utah Uranium Start Drilling Pinto Project
11/9/2007Utah Uranium Mobilizes Drill To Pinto Project
10/26/2007Joint Venture with Utah Uranium Corp., Drilling to Commence
10/4/2007Announces Results on Athabasca Saskatchewan Uranium Project
9/11/2007Triex To Start Drill Program on Mann Lake Uranium Project, A...
5/29/2007Update on Uranium Projects by President Jim Pettit
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ABN.V)Other OTC (ABNAF)
0.035+16.67%0.023-17.86%
TSX-V
CA$ 0.035
08/09 13:01 0.010
16.67%
Prev close Open
0.030 0.030
Low High
0.030 0.035
Year l/h YTD var.
0.030 -  0.060 -30.00%
52 week l/h 52 week var.
0.030 -  0.060 -36.36%
Volume 1 month var.
108,573 -12.50%
24hGold TrendPower© : -5
Produces
Develops
Explores for Copper - Gold - Iron - Lead - Lithium - Molybdenum - Silver - Thorium - Uranium - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/10/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-50.00%
20210.00%0.090.06
2020-22.22%0.160.05
2019-40.00%0.270.07
2018-14.29%0.490.11
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.16+0.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.35-4.86%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.29-8.10%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.68+1.13%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.13+1.71%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+26.79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.01-1.95%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 64.46+7.34%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :