Mr. Jim Pettit reports
ABEN RESOURCES CLOSES AMENDMENT TO THE SLOCAN PROPERTY OPTION AGREEMENT
Aben Resources Ltd., further to its news release dated Jan. 23, 2023, has received the approval of the TSX Venture Exchange on the amendment to the option agreement dated Nov. 9, 2021, with Eagle Plains, whereby the company may acquire a 100-per-cent interest in the Slocan graphite property in Southern British Columbia.
Under the new terms of the amendment, the company has been granted an extension on the due date of its first anniversary obligations, being the cash payment, share issuance and exploration expenditures. The first anniversary obligations, which were all due by Dec. 31, 2022, are now due as follows:
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$25,000 on or before March 31, 2023;
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150,000 common shares on or before March 31, 2023;
- $250,000 in exploration expenditures on or before June 30, 2023.
In consideration of the amendment, the company has issued the optionor an additional 350,000 common shares. All the other terms and conditions of the agreement remain unchanged.
About
Aben
Resources
Ltd.
Aben Resources is a diversified Canadian gold and graphite exploration company with exploration projects in British Columbia, Ontario and the Yukon Territory.
We seek Safe Harbor.
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