Abacus Mining Expands Private Placement to $460,000

Abacus Mining & Exploration ( (TSE:AME) ) has shared an announcement.

Abacus Mining & Exploration Corporation has announced an increase in its non-brokered private placement offering from $350,000 to $460,000 by issuing up to 23,000,000 units. Each unit includes one common share and one non-transferable warrant, with proceeds intended for exploration and general working capital. The company recently acquired new properties in Nevada and holds a significant interest in the Ajax copper-gold project in B.C. The offering is subject to TSX Venture Exchange approval and aims to capitalize on available prospectus exemptions to existing shareholders.

More about Abacus Mining & Exploration

Abacus Mining & Exploration Corporation is a mineral exploration and mine development company focused on copper and gold projects in British Columbia and Nevada. The company’s primary asset is a 20% ownership interest in the proposed copper-gold Ajax Mine in B.C., alongside KGHM Polska Miedź S.A., and it also owns the Willow copper-gold property and controls the Nev-Lorraine claims in Nevada.

Average Trading Volume: 48,126

Technical Sentiment Signal: Buy

Current Market Cap: C$2.98M

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