Aben Resources Increases Private Placement Financing
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
December 19, 2017
Aben Resources Increases Private Placement Financing
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces, further to its News Release on December 18th, that the Company
has increased its flow-through private placement to up to 4,333,333 Flow-Through Units at a
price of $0. 15 per Flow-Through Unit to raise gross proceeds of up to $ 650,000. Each Flow-
Through Unit consists of one flow-through share and one share purchase Warrant entitling the
holder to purchase an additional non-flow-through common share at a price of $0.20 for a period
of one year. The Company has also increased its non-brokered non-flow-through private
placement to up to 1,851,852 Units at a price of $0.135 per Unit to raise gross proceeds of up to
$250,000. Each Unit consist s of one common share and one share purchase Warrant entitling
the holder to purchase an additional common share at a price of $0.18 for a period of one year.
A finder's fee in the amount of 7% cash and 7% warrants may be paid in connection with part of
this private placement offering . The private placement is subject to TSX Venture Exchange
acceptance.
The Company intends to utilize the proceeds from the private placements for an upcoming 2018
exploration a nd 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. 53.2 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 ex pects, 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 developme nts 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 caus e 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 t he public filings of the Company at www.sedar.com for further
information.