Aben Resources Arranges $100,000 Flow Through Financing
July 15, 2014 (Source: Marketwired) — Aben Resources Ltd. (TSX VENTURE:ABN)(FRANKFURT:E2L)(PINKSHEETS:ABNAF) (the “Company”) announces it has arranged a non-brokered private placement to raise $102,000 by the issuance of 1,700,000 flow-through units (the “FT Units”) at a price of $0.06 per FT Unit. Each FT Unit will consist of one flow-through common share and one non-transferable, non flow-through warrant (the “NFT Warrant”). Each NFT Warrant will entitle the holder to purchase one non flow-through common share at a price of $0.075 for a period of two years from the closing date of the private placement.
The Company may pay up to a 7% finder’s fee payable in non-transferable non flow-through warrants (the “Finder’s Warrants”) in connection with this private placement offering. Each Finder’s Warrant will entitle the Finder to purchase a non-flow-through common share at a price of $0.075 per share for a period of two years from the closing date of the private placement.
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About Aben Resources:
Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan’s Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.
For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our Company’s web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, President
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>