VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V:ABN) (OTCBB:ABNAF) (Frankfurt:E2L2) (the “Company”) announces a non-brokered flow-through private placement of up to 2,666,667 Flow-Through Units at a price of $0.15 per Flow-Through Unit to raise gross proceeds of up to $400,000. Each Flow-Through Unit will consist of one flow-through share and one share purchase Warrant entitling the holder to purchase an additional non-flow-through common share at a price of $0.20 for a period of one year. The Company also announces a non-brokered non-flow-through private placement of up to 740,741 Units at a price of $0.135 per Unit to raise gross proceeds of up to $100,000. Each Unit will consist of one common share and one share purchase Warrant entitling the holder to purchase an additional common share at a price of $0.18 for a period of one year.
A finder's fee in the amount of 7% cash and 7% warrants may be paid in connection with part of this private placement offering. The private placement is subject to TSX Venture Exchange acceptance.
The Company intends to utilize the proceeds from the private placements for an upcoming 2018 exploration and drilling program at its Chico Gold Project in Saskatchewan and for general working capital purposes.
Chico Gold Project, Saskatchewan location map:
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British Columbia’s Golden Triangle, Saskatchewan and the Yukon.
For further information on Aben Resources Ltd. (TSX-V:ABN), visit our Company’s web site at www.abenresources.com.
Aben Resources has approx. 53.2 million shares issued and outstanding.
