Aben Resources Closes Private Placement
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
September 18, 2020
Aben Resources Closes Private Placement
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Aben or the Company”) is pleased to announce it has closed a non -brokered private
placement financing for total gross proceeds of CAD $153,499.94 (the “Placement”).
The Company has allotted and issued 1,395,454 units (the “Units”) at a price of CAD $0.11 per
Unit. Each Unit is comprised of one common share and one tra nsferable warrant (the
“Warrants”). Each Warrant will entitle the holder to purchase one additional common share for a
period of two (2) years at a price of CAD $0.15 per share.
In addition, the Company has paid finder’s fees of $1,540 and issued 14,000 finder’s warrants
(the “Finders Warrants”) to an arm’s-length party. Each Finders Warrant is exercisable into one
common share for a period of up to two (2) years at a price of CAD $0.15 per share.
The Company intends to use the proceeds from the Placement towards general working capital
purposes. All securities issued under the Placement will be subject to a four-month and one-day
hold period expiring January 19, 2021. The Placement remains subject to the final approval of
the TSX Venture Exchange.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing gold-focused projects in
British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at
www.abenresources.com
ABEN RESOURCES LTD.
“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO
For further information contact:
Aben Resources Ltd.
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, 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.