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
August 4, 2022
Aben Resources Closes Private Placement
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2)
(“Aben” or “the Company”) is pleased to announce it has closed a non -brokered private placement
financing for total gross proceeds of CAD $211,500 (the “Placement”).
The Company has allotted and issued 6,042,857 units (the “Units”) at a price of CAD $0.035 per Unit.
Each Unit is comprised of one common share and one transferable 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 $0.05 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 December 5, 2022. The Placement remains subject to the final approval of the TSX
Venture Exchange.
About Aben Resources:
Aben Resources is a well-funded Canadian gold and graphite exploration company with exploration
projects in British Columbia, Ontario, and the Yukon Territory.
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:
Riley Trimble, Corporate Communications
Aben Resources Ltd.
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
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 gene ral economic, market or
business conditions. Please see the public filings of the Company at www.sedar.com for further information