Abacus announces grant of stock options
Abacus announces grant of stock options
Vancouver, BC – December 20, 2017 . Abacus Mining & Exploration Corporation
(“Abacus” or the “Company”) (TSXV:AME) announces that pursuant to an agreement with
an officer, and as provided under the Company's approved stock option plan and subject
to regulatory policies, the Board of Directors has approved the issuance of stock options
allowing for the acquisition of up to, in the aggregate, 150,000 shares in the capital stock
of the Company at a price of $0. 25 per share for a period of five years from the date of
grant. Insiders and directors of the Company had been on a trading blackout until receipt
of notice from the British Columbia Minister of Environment an d Climate Change Strategy
and Minister of Energy, Mines and Petroleum Resources on the i ssuance of an
Environmental Assessment Certificate (“EAC”) for the Ajax project . On December 14,
2017, the governmental agency announced that the EAC had been declined , following
which the Company lifted the trading blackout.
On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION
Michael McInnis
Executive Chairman
About Abacus
Abacus is a mineral exploration and mine development company with a 20% interest in
the Ajax Project located at the historic Ajax -Afton site southwest of Kamloops, B.C ., and
an option to acquire up to a 75% interest in the Willow copper-gold property located in
Nevada. Through KGHM Ajax Mining Inc., a joint venture company between Abacus
(20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine is being funded in
large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd.
For the latest reports and information on Abacus’ projects, please refer to the Company ’s
website at www.amemining.com.
Forward-Looking Information
This release includes certain statements that are deemed “forward -looking statements”. All statements in this
release, other than statements of histori cal facts, that address events or developments that Abacus expects to
occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts
and are generally, but not always, identified by the words “expects”, “pla ns”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. Although the Company believes the expectations expressed in such forwar d-looking
statements are based on reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in the forward -looking statements. Factors that could cause
the actual results to differ materially from those in forward -looking statements include changes to commodity
prices, mine and metallurgical recovery, operating and capital costs, foreign exchange rates, ability to obtain
required permits on a timely basis, exploitation and exploratio n successes, continued availability of capital and
financing, and general economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or developments may differ mater ially
from those projected in the forward -looking statements. Forward- looking statements are based on the beliefs,
estimates and opinions of the Company's management on the date the statements are made. Except as
required by applicable securities laws, th e Company undertakes no obligation to update these forward -looking
statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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.
Suite 1000 – 1050 West Pender Street
Vancouver, B.C. V6E 3S7 Canada
Tel: 604.682.0301 Fax: 604.682.0307
email: [email protected]
website: www.amemining.com
TSX Venture Exchange Symbol: AME