Aben Resources Closes Non-Brokered Private Placement of $318,119
Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA
www.abenresources.com.
TSX-V Trading Symbol: ABN
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
NEWS RELEASE
August 21st, 2017
Aben Resources Closes Non-Brokered Private Placement of $318,119
Vancouver, BC -- Aben Resources Ltd. (TS X-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to announce the closing of a non-brokered private placement for the
aggregate of CAD $318,119.
The Financing consisted of 2,356,443 units (the “Units”) at a price of CAD $0.135 per Unit for
combined total gross proceeds of CAD $318,119. Each Unit purchased will include o ne
common share as well as one common share purchase warrant (“Warrant”). Each whole
Warrant will entitle the holder to purchase one additional common share for five (5) years at a
price of CAD $0.18 per common share.
In connection with the financing, Aben issued a total of 15,555 warrants to finders (the “Finder’s
Warrants”) who introduced certain subscribers to the private placement. Each Finder's Warrant
will entitle the finder to purch ase one additional common share for two (2) years at a price of
CAD $0.18 per common share. The Company also paid to finders a total of CAD $2,100 in cash
fees associated with this financing. Shares issued in connection with this private placement and
any shares issued as a result of exercise of warrants will be subject to a hold period expiring
December 22, 2017.
Aben is currently drilling a 2,100m drill program on its flagship property, Forest Kerr. The
23,000-hectare Forrest Kerr Gold Property is located in North Western British Columbia’s
Golden Triangle region . Drilling conducted in the early 1990’s and 2000’s at these zones
returned some of the highest grades on the Forrest Kerr Property and the Company feels there
is the potential for the expansion o f these known zones based on recent data compilation,
structural geological interpretation and additional field reconnaissance work.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British
Columbia’s Golden Triangle, the Yukon, and Saskatchewan.
For further information on Aben Resources Ltd. (TSX -V: ABN), visit our Company’s web site at
www.abenresources.com.
Aben Resources has approx. 50.0 million shares issued and outstanding.
ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
Director, Investor Relations
Telephone: 604-687-3376
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 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, shoul d 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.