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

MORE or "UNCATEGORIZED"


IMPACT Silver Closes Second Tranche of Oversubscribed Financing Totalling $1.74 Million

IMPACT Silver Corp. (TSX-V:IPT) is pleased to announce that it ha... READ MORE

January 18, 2019

Midland Exploration Announces Closing of a Private Placement With the Caisse de dépôt et placement du Québec

Midland Exploration Inc. (TSX-V: MD) is pleased to announce that ... READ MORE

January 18, 2019

Great Atlantic Drilling Intersects 7.89% Zinc EQ Over 34.3 Meters

GREAT ATLANTIC RESOURCES CORP. (TSX-V.GR) is pleased to an... READ MORE

January 18, 2019

Cobalt 27 Closes Royalties on Flemington Nickel-Cobalt Project and Nyngan Scandium Project in Australia

Cobalt 27 Capital Corp. (TSX-V: KBLT) (OTCQX: CBLLF) (FRA: ... READ MORE

January 18, 2019

Blue Moon Cuts 30.3% Zinc, 1.7% Copper Plus Precious Metals Over 30 Feet at Blue Moon Deposit (true width ~55%)

Blue Moon Zinc Corp.(TSX-V: MOON) (OTC: BMOOF) is pleased t... READ MORE

January 18, 2019

Copyright 2019 The Prospector News - Site design by Spyderbaby Productions