Aben Resources Closes Private Placement of Units at $0.135
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
January 05, 2018
Aben Resources Closes Private Placement of Units at $0.135
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) is pleased to announce, further to its News Release s on December 18th, 19th,
and 29th, that the Company increased its proposed non -brokered private placement of units at
$0.135 each from 1,851,852 units for gross proceeds of $250,000 to 2,024,747 units for gross
proceeds of $273,250.84, and closed the private placement on January 4, 2018 on conditional
TSX Venture Exchange acceptance. The private placement is subject to final acceptance by the
TSX Venture Exchange.
Each Unit purchased include d one common share as well as one share purchase warrant
("Warrant"). Each Warrant will entitle the holder to purchase one additional common share for
one (1) year at a price of CAD $0.18 per share.
In connection with the financing, Aben issued a total of 17,500 warrants to finders (the "Finder
Warrants") who introduced certain subscribers to the private placement. Each Fin der Warrant
will entitle the finder to purchase one additional common share for one (1) year at a price of
CAD $0.18 per share. The Company also paid to finders a total of CAD $ 2,362.50 in cash fees
associated with this financing.
Shares issued in connec tion with this private placement and any shares issued as a result of
exercise of Warrants will be subject to a hold period expiring May 05, 2018.
The Company intends to utilize the proceeds from the private placement 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:
http://abenresources.com/site/assets/files/4730/abn_chico_location_and_highlights.jpg
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. 63.7 million shares issued and outstanding.
ABEN RESOURCES LTD.
____________________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers
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 ac curacy 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 C ompany 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 c ould 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. Ple ase see the public filings of the Company at www.sedar.com for further
information.