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Aben Resources ( (TSE:ABM) ) has shared an update.
Aben Gold Corp. has closed a non-brokered private placement financing, raising CAD $400,000 through the issuance of 5,000,000 units at $0.08 per unit, each unit consisting of one common share and one warrant exercisable at $0.12 for two years. Insiders, including management and the board, participated for 550,000 units, with the transaction qualifying as a related-party deal under securities rules but exempt from formal valuation and minority approval requirements; the proceeds will be directed toward exploration expenditures and general working capital, pending final TSX Venture Exchange approval, with all securities subject to a standard four-month-and-one-day hold period and no finder’s fees paid.
More about Aben Resources
Aben Gold Corp. is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia. Its flagship asset is the 7,400-hectare, 100%-owned Justin Gold Project in southeast Yukon within the Tintina Gold Belt, adjacent to Seabridge Gold’s 3 Aces Project. The company focuses on creating shareholder value through new discoveries and advancing exploration projects in geopolitically favourable jurisdictions, and currently has 28.2 million shares outstanding.
Average Trading Volume: 57,780
Technical Sentiment Signal: Buy
Current Market Cap: C$5.58M
Find detailed analytics on ABM stock on TipRanks’ Stock Analysis page.