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ABN Aben Resources Ltd

0.02
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Aben Resources Ltd TSXV:ABN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.02 0.015 0.02 0 01:00:00

Aben Resources Closes $720,000 Private Placement

28/03/2014 2:05pm

Marketwired Canada


Aben Resources Ltd. (TSX VENTURE:ABN) (PINKSHEETS:ABNAF) (FRANKFURT:E2L) (the
"Company") is pleased to announce that it has closed its non-brokered private
placement in two tranches raising total gross proceeds of $720,000.


The Company issued 9,900,000 units (the "Units") at a price of $0.06 per Unit in
the first tranche of its private placement. Each Unit consists of one common
share in the capital of the Company and one common share purchase warrant (the
"Warrants"). Each Warrant entitles the holder to purchase one common share (a
"Warrant Share") at a price of $0.075 per Warrant Share if exercised on or
before March 24, 2016.


Aben Resources issued 2,100,000 Units at a price of $0.06 per Unit in the second
tranche of its private placement. Each Unit consists of one common share in the
capital of the Company and one Warrant. Each Warrant entitles the holder to
purchase one common share at a price of $0.075 per Warrant Share if exercised on
or before March 28, 2016.


Aben Resources intends to utilize the proceeds of the offering for general
working capital purposes.


The Company issued 42,000 finder's units to Wolverton Securities Ltd.
("Wolverton"). The Wolverton finder's units are on the same terms as the
subscribers' Units. The Company also paid a total of $2,520 to Leede Financial
Markets Inc. in connection with this financing.


The shares and warrants issued under the private placement and any shares issued
pursuant to the exercise of the warrants, including those issued to finders, are
subject to a four month and one day hold period under applicable securities laws
and imposed by the TSX Venture Exchange.


About Aben Resources:

Aben Resources is a Canadian uranium and gold exploration company with projects
in Saskatchewan's Athabasca Basin, Yukon, and NWT. Aben holds an interest in
approximately 40,000 acres of highly prospective ground within the eastern flank
of the Athabasca Basin in northern Saskatchewan including a 40% interest in the
Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River
Uranium Mine. 


Athabasca Basin, Saskatchewan Property Claims Map:
 http://www.abenresources.com/i/maps/ABN_Athabasca_Map_11X17.jpg

For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our
Company's web site at www.abenresources.com.


ON BEHALF OF THE BOARD OF DIRECTORS

JAMES G. PETTIT, President

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aben Resources Ltd.
James G. Pettit
President
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)


Aben Resources Ltd.
Don Myers
Corporate Communications
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@abenresources.com
www.abenresources.com

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