Abacus Announces Warrant Extension
Abacus Announces Warrant Extension
Vancouver, B.C., October 29, 2021. Abacus Mining & Exploration Corporation (“Abacus” or the
“Company”) (TSXV: AME) announces that the Company has applied to extend the exercise
period of a total of 4,872,000 share purchase warra nts, all of which are exercisable at $0.20
per share (collectively, the "Warrants"). The Warrants were issued pursuant to a private
placement which closed November 23, 2018. The Company proposes to extend the expiry date
for all these Warrants by one (1) additional year, and accordingly, the new expiry date for the
Warrants will be November 23, 2022. All other terms and conditions of the Warrants remain
unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.
On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION
Paul G. Anderson, P.Geo.
President and CEO
About Abacus
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and
Nevada. The Company’s main asset is a 20% o wnership interest, together with KGHM Polska Miedź S.A. (80%),
in the proposed copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial
and federal environmental assessment process. On December 14, 2017, a decision was made by the B.C. Minister
of Environment and Climate Change Strategy and the Minister of Energy, Mines and Petroleum resources to decline
to issue an environmental assessment certificate for the Project. KGHM have recently reopened an office in
Kamloops, B.C. to facilitate First Nation, community and governmental engagement in order to advance the project
towards a potential resubmission of the environmental application.
Abacus also holds an option on the Willow copper -gold property located near Yeringt on, Nevada in which it can
acquire up to a 75% ownership interest, and the contiguous Nev -Lorraine claims subject to a ten -year lease
agreement.
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
historical 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”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward
looking statements in this release include the Company’s expectation that the TS X Venture Exchange will a ccept its application to extend the term
of the warrants issued on November 23, 2018 by an additional one year . Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable as sumptions, 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 exploration successes, continued availability o f capital and financing, and
general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of futur e performance and
actual results or developments may differ materially 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, the 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
email: [email protected]
website: www.amemining.com
TSX Venture Exchange Symbol: AME