Aben Minerals Closes Private Placement
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA
www.abenminerals.com
TSX-V Trading Symbol: ABM
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
January 16, 2024
Aben Minerals Closes Private Placement
Vancouver, BC -- Aben Minerals Ltd. (TSX-V: ABM) (OTCQB: ABNAF) (Frankfurt: R26)
(“Aben” or “the Company”) is pleased to announce that it has closed a non -brokered private
placement financing for total gross proceeds of $300,000 (the “Private Placement”).
The Company issued 300 unsecured convertible debentures (the “ Debentures”) at a price of
$1,000 per Debenture. The Debentures bear a two -year maturity date with interest at a rate of
12.00% per annum, paid monthly in advance, payable in cash on the 1st of each month.
Commencing one day after the closing until the close of business on the sixth day prior to the
maturity date, the Debenture holders shall have the right to convert the Debentures into units (the
“Units”) at a price of $.10 per Unit. Each Unit will consist of one common share in the capital of
the Company (a “Share”) and one transferable Share purchase warrant (a “Warrant”), with each
Warrant being exercisable into one Share (a “ Warrant Share”) at a price of $0.15 per Warrant
Share for a period of three years following the issue date.
The Company intends to use the proceeds from the Private Placement towards general working
capital purposes. The Private Placement is subject to final TSX Venture Exchange approval, and
the Debentures are subject to a four-month-and-one-day hold period.
About Aben Minerals:
Aben Minerals is a Canadian gold exploration company with exploration projects in the Yukon
Territory and British Columbia. The Company’s goal is to increase shareholder value through new
discoveries and developing exploration projects in geopolitically favourable jurisdictions. The
Company has 18.7 million shares outstanding.
For further information on Aben Minerals Ltd. (TSX-V: ABM), visit our Company’s website at
www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”
______________________
Riley Trimble
President & CEO
For further information contact:
Aben Minerals Ltd.
Riley Trimble, President & CEO
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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 guarante es of future performance, and actual results or
developments may differ m aterially 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.