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Aben Resources Announces Amendment to the Slocan Property Option Agreement

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Aben Resources Announces Amendment to the Slocan Property Option Agreement

 

 

 

 

 

Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) has amended the option agreement dated November 9, 2021 with Eagle Plains whereby the Company may acquire a 100% interest in the Slocan Graphite Property in Southern British Columbia.

 

Under the new terms of the amendment, the Company has been granted an extension on the due date of its first anniversary obligations, being the cash payment, share issuance and exploration expenditures The first anniversary obligations, which were all due by December 31, 2022, are now due as follows:

  1. CAD $25,000 on or before March 31, 2023;
  2. 150,000 common shares on or before March 31, 2023; and
  3. CAD $250,000 in exploration expenditures on or before June 30, 2023.

 

In consideration of the amendment, the Company shall issue the Optionor an additional 350,000 common shares by March 31, 2023. All the other terms and conditions of the Agreement remain unchanged.

 

About Aben Resources:

 

Aben Resources is a diversified Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory.

Posted January 23, 2023

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