Uncategorized
Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

Aben Resources Closes $950,000 Flow-Through Private Placement

 

 

 

 

 

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has arranged and closed a non-brokered private placement of 2,375,000 flow-through common shares at a price of $0.40 each for gross proceeds of $950,000. The financing was placed with institutional investors. The Company intends to utilize the proceeds from the private placement on the expansion of its 2018 exploration and drilling program at its Forrest Kerr Gold Project located in the Golden Triangle region of British Columbia. The Company had originally announced and budgeted for up to 5000 metres of drilling and now intends to at least double that amount this year.

 

 

Forrest Kerr Project, Golden Triangle, British Columbia location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg

 

 

In connection with this private placement, finder fees of 7% cash and 7% finder warrants were paid to PI Financial Corp. as to $66,500 and 166,250 finder warrants. Each finder warrant will entitle the finder to purchase one common share for two years at a price of CAD $0.60 per common share.

 

 

The private placement is subject to TSX Venture Exchange final acceptance, and all securities are subject to a four-month-and-one-day hold period expiring January 12th, 2019.

 

 

About Aben Resources:

 

 

Aben Resources is a Canadian gold exploration company developing projects in British Columbia’s Golden Triangle, Saskatchewan and the Yukon. The Company is actively exploring its flagship and high-grade Forrest Kerr Project located in the Golden Triangle region where recent drilling has discovered strong precious and base metal mineralization at the North Boundary Zone.

 

Posted September 11, 2018

Share this news article...
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on Google+
Google+
Email this to someone
email

MORE or "UNCATEGORIZED"


Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF) is p... READ MORE

November 15, 2018

White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

White Gold Corp. (TSX-V: WGO) (OTC – Nasdaq Intl: WHGOF) (FRA: ... READ MORE

November 15, 2018

Regulus Reports Additional High-Grade Results From the AntaKori Copper-Gold-Silver Project, Peru

Regulus Resources Inc. (TSX-V:REG) is pleased to announce the res... READ MORE

November 15, 2018

First Batch of Assay Results Returned From La Virginia, Sonora, Mexico

Silver Viper Minerals Corp. (TSX-V: VIPR) is pleased to announce ... READ MORE

November 15, 2018

Fireweed Drills 4.56% Zinc, 17.34% Lead, and 145 g/t Silver over 8.6 m at End Zone

FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE

November 15, 2018

Copyright 2018 The Prospector News - Site design by Spyderbaby Productions