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An announcement from Aben Resources ( (TSE:ABM) ) is now available.
Aben Minerals Ltd. announced the closure of an oversubscribed non-brokered private placement, raising CAD $316,000. The funds will be used for exploration expenditures and general working capital. The private placement involved issuing 4,514,286 units, each comprising one common share and one warrant, exercisable at CAD $0.10 per share for two years. Some proceeds were classified as a related party transaction, adhering to MI 61-101 exemptions.
More about Aben Resources
Aben Minerals is a Canadian gold exploration company with projects in Yukon Territory and British Columbia. It owns the Justin Gold Project in the Tintina Gold Belt and the Forrest Kerr Gold Project.
YTD Price Performance: -18.75%
Average Trading Volume: 41,538
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.22M
For a thorough assessment of ABM stock, go to TipRanks’ Stock Analysis page.