OR Dissemination IN the United States”
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
“NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES”
NEWS RELEASE
August 15th, 2018
Aben Resources Announces $4 Million Private Placement Led by Eric Sprott
Vancouver, BC -- Aben Resources Ltd. (TSX -V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces a non-brokered private placement of up to 13,333,333 units at a
price of $0.30 each to raise gross proceeds o f up to $ 4,000,000. Each unit will consist of one
common share and one warrant (each, a “Warrant”) exercisable to purchase one additional
common share at a price of $0.45 each for a period of two (2) years from the date of issuance .
The lead order is for $2,000,000 from Eric Sprott who will subscribe for 6,666,667 million Units.
Additionally, Palisade Global Investments will subscribe for 2,750,000 million Units and Venture
Ad Network will subscribe for 600,000 Units.
Forrest Kerr Project, Golden Triangle, British Columbia location map:
https://www.abenresources.com/site/assets/files/4287/fk-003.jpg
Jim Pettit, Aben’s Chief Executive Officer, stated: "Aben Resources is very pleased to welcome
Eric Sprott as a large strategic shareholder of the C ompany. Mr. Sprott is one of the world's
premiere precious metals investors and a respected leader in the investment community . His
participation in this financing speaks to the high-grade discovery and future potential of Aben
Resources’ Forest Kerr Project in the Golden Triangle region of British Columbia. The Company
plans to expand its current drill program on the back of the results from the first drill hol e in the
program at the newly discovered North Boundary Zone which intersected four separate high -
grade intervals including 62.4 g/t Au over 6.0m within 38.7 g/t Au over 10.0m from 114.0 -124.0m.
With drilling ongoing, Aben is awaiting assay results from an additional seven drill holes, all of which
were drilled at the North Boundary Zone and will provide updates as results become available."
The Company intends to utilize the proceeds from the private placements to expand its 2018
exploration and drilling program at its Forrest Kerr Gold Project located in the Golden Triangle,
British Columbia and for general working capital purposes. The private placement is subject to
TSX Venture Exchange approval, and all securities are subject to a four -month-and-one-day
hold period. Finder fee s may be payable in connection with the private placement, all in
accordance with the policies of the TSX Venture Exchange.
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 LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO
For further information contact myself or:
Don Myers
Aben Resources Ltd.
Director, Corporate Communications
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 ev ents 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.