Aben Minerals Announces Private Placement
04 April 2023 - 10:00PM
Aben Minerals
Ltd.
(TSX-V: ABM) (OTCQB: ABNAF)
(Frankfurt: R26)
(“Aben” or “the Company”) announces that it has arranged a
non-brokered private placement of up to 8,333,333 units of the
Company (the “Units”) at a price of CAD $0.12 per Unit for gross
proceeds of up to CAD $1,000,000.
Each Unit will be comprised of one common share
and one transferable warrant, entitling the holder to purchase one
additional common share for a period of two (2) years at a price of
CAD $0.17 per share.
The Company intends to use the proceeds from
this private placement towards exploration expenditures and general
working capital purposes. The private placement is subject to TSX
Venture Exchange approval, and all securities are subject to a
four-month-and-one-day hold period. Finder’s fees may be payable in
connection with the private placement, all in accordance with the
policies of the TSX Venture Exchange.
About Aben
Minerals:
Aben Resources is a diversified Canadian gold
and graphite exploration company with exploration projects in
British Columbia, Ontario, and the Yukon Territory.
For further information on Aben Minerals Ltd. (TSX-V: ABM),
visit our Company’s web site at www.abenminerals.com.
ABEN MINERALS LTD.
“Jim Pettit”______________________JAMES G.
PETTITPresident & CEO
For further information contact:Aben Minerals Ltd.Riley Trimble,
Corporate CommunicationsTelephone: 604-416-2978Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@abenminerals.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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