Abacus comments on unusual trading activity
TSX.V Symbol: AME
Abacus comments on unusual trading activity
Vancouver, BC – May 10, 2017. Abacus Mining & Exploration Corporation (“ Abacus”
or the “ Company”) (TSXV:AME) provides comments on the recent unusual trading
activity in its shares on the TSX Venture Exchange. While it is not the Company’s usual
policy to comment on trading price, at the request of IIROC (the Investment Industry
Regulatory Organization of Canada), Abacus wishes to confirm that the Comp any’s
management is unaware of any material change in the Company’s operations that would
account for the recent increase in market activity.
Abacus believes that the recent unusual trading activity may be related to the
consolidation of its common shar es announced on April 26, 2017, which commenced
trading on the basis of one (1) post-consolidation share for every six (6) pre-consolidation
shares on May 1, 2017, and to an article on the Company that appeared in the Resource
Stock Digest Premium website (“RSDP”) dated May 8, 2017.
The article follows a site visit made by the author to the Company’s recently optioned
Willow Property in Nevada. An introductory report was made available to subscribers of
the RSDP on May 3, 2017, which was followed by the article of May 8, 2017. No
compensation has been or will be provided by the Company to RSDP or the author of the
May 8th article. RSDP and the author are at arm’s length with the Company. The target
price in the May 8 th article is solely the opinion of the author of the article and is not
endorsed in any way by the Company. There is currently no material information of the
Company that has not been generally disclosed.
For further information, please contact the Company at (604) 682-0301.
On Behalf of the Board,
ABACUS MINING & EXPLORATION CORPORATION
Michael McInnis
Chairman, President & CEO
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% undivided interest in the Willow porphyry copper -gold
property located in Nevada. The Ajax Project is a proposed copper -gold open-pit mine
currently undergoing a provincial and federal environmental assessment process.
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 In ternational Ltd. For
the latest reports and information on Abacus’ projects, please refer to the Company’s
website at www.amemining.com.
Suite 615-800 West Pender Street
Vancouver, B.C. V6C 2V6 Canada
Tel: 604.682.0301 Fax: 604.682.0307
email: [email protected]
website: www.amemining.com
TSX Venture Exchange Symbol: AME
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. Although the Company 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 may differ materia lly 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, f oreign exchange rates, ability to obtain required permits on a timely basis,
exploitation and exploration 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 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.