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Aben Resources Options Hit Property, Yukon Territory

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Aben Resources Options Hit Property, Yukon Territory

 

 

 

 

 

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.

 

Posted October 4, 2022

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