Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) is pleased to announce that the Company has entered into an option agreement with Rackla Metals Inc. whereby the Company has granted Rackla the option to acquire a 100% interest in the Hit Property, which consists of 24 mineral claims, located in the Yukon Territory, Canada.
Under the terms of the Agreement, Rackla may acquire a 100% interest in the Property by completing the following:
(a) paying CAD$25,000 cash to the Company within three business days following the closing date; and
(b) within twelve months following the closing date:
(i) paying CAD$25,000 cash to the Company,
(ii) issuing 250,000 common shares in the capital of Rackla to the Company, and
(iii) incurring a total of CAD$100,000 in Qualified Expenditures on the Property.
The Company shall retain a NSR of one-half percent (0.5%) on the Property. Rackla will assume the Company’s obligation to pay a 2.0% net smelter returns royalty to Sandstorm Gold Ltd. pursuant to the Net Smelter Returns Royalty Agreement between Aben and Sandstorm Gold Ltd. dated October 17, 2019.
About Aben Resources:
Aben Resources is a well-funded Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario, and the Yukon Territory.
HIGHLIGHTS Sigma Lithium announces that it will commence loading ... READ MORE
Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ... READ MORE
Geomega Resources Inc. (TSX-V: GMA) (OTC: GOMRF), a developer of ... READ MORE
Hole 23FP006 includes 65 metres at 1.9 g/t gold and including 10 ... READ MORE
Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) is pleased to rep... READ MORE