05:00:29 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Aben Minerals Ltd
Symbol ABM
Shares Issued 18,719,736
Close 2024-01-16 C$ 0.09
Market Cap C$ 1,684,776
Recent Sedar Documents

Aben Minerals closes $300,000 private placement

2024-01-16 17:37 ET - News Release

Mr. Riley Trimble reports

ABEN MINERALS CLOSES PRIVATE PLACEMENT

Aben Minerals Ltd. has closed a non-brokered private placement financing for total gross proceeds of $300,000.

The company issued 300 unsecured convertible debentures at a price of $1,000 per debenture. The debentures bear a two-year maturity date with interest at a rate of 12.00 per cent per annum, paid monthly in advance, payable in cash on the first of each month.

Commencing one day after the closing until the close of business on the sixth day prior to the maturity date, the debentureholders shall have the right to convert the debentures into units at a price of 10 cents per unit. Each unit will consist of one common share in the capital of the company and one transferable share purchase warrant, with each warrant being exercisable into one share at a price of 15 cents per warrant share for a period of three years following the issue date.

The company intends to use the proceeds from the private placement toward general working capital purposes. The private placement is subject to final TSX Venture Exchange approval, and the debentures are subject to a four-month-and-one-day hold period.

About Aben Minerals Ltd.

Aben Minerals is a Canadian gold exploration company with exploration projects in the Yukon Territory and British Columbia. The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favourable jurisdictions. The company has 18.7 million shares outstanding.

We seek Safe Harbor.

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