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Aben Resources Closes First Tranche of Private Placement
Published : September 11, 2012
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Keywords :   Gold | Jordan | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2012) - Aben Resources Ltd. (News - Market indicators) (FRANKFURT:E2L) (PINKSHEETS:ABNAF) (the "Company") announces further to its news release of August 21, 2012, the Company has raised in its first tranche closing the sum of $348,990 by the issuance of 4,985,572 flow-through units at a price of $0.07 per unit. 

The funds raised will be applied to the continuing drill program on the Company's 100% owned, 18,314 acre Justin Gold-Silver Project located in the southeast Yukon. 

Justin Project Plan View of POW Zone Drilling:

http://www.abenresources.com/i/maps/ABN-Justin-Project-Plan-View-of-2012-Pow-Zone-Drilling.jpg

Each flow-through unit consists of one flow-through common share and one non-transferable, non flow-through warrant (the "Warrant"). Each Warrant entitles the holder to purchase one non flow-through common share at a price of $0.10 until 5:00 p.m. (Vancouver time), September 7, 2015. A finders' fee of $7,962.50 and the issuance of 113,750 compensation warrants, on the same terms as the subscribers' units, was paid in connection with the first tranche closing. The common shares comprising the units and any shares acquired on exercise of the Warrants will be subject to a four month restriction on re-sale expiring on January 8, 2013.

About Aben Resources:

Aben Resources is a Canadian gold and silver exploration company exploring and developing its portfolio of properties in the Yukon and NWT in which it has exploration rights to over 600,000 acres of land. The Company's road-accessible flagship property, the Justin Gold-Silver Project, boasts a new greenfield discovery made in 2011 with an aggressive 2012 follow-up exploration and drill program currently underway.

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.

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

Aben Resources Ltd.

EXPLORATION STAGE
CODE : ABN.V
ISIN : CA00289T1084
CUSIP : 20855Q106
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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$ 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.

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