- Abacus announces C$1,495,000 non-brokered private placement
- The offering includes up to 11.5 million units at C$0.13 per unit
- Each unit consists of one common share and one-half of one non-transferable common share purchase warrant
- Proceeds will be applied towards a program of drilling at the Willow copper-gold property in the Yerington camp of Nevada and for working capital
- Abacus is a mineral exploration and mine development company
- Abacus Mining & Exploration Corporation (AME) opened trading at C$0.14 per share
Abacus Mining & Exploration Corporation (AME) announces a non-brokered private placement offering.
Abacus is pleased to announce a non-brokered private placement offering for proceeds of up to C$1,495,000 through the issuance of up to 11,500,000 units at a price of C$0.13 per unit.
Each unit will consist of one common share and one-half of one non-transferable common share purchase warrant. Each warrant can be exercised to purchase one common share at a price of $0.20 per share for a period of 2 years from the date of closing.
Proceeds will be applied towards a program of drilling at the Willow copper-gold property in the Yerington camp of Nevada, as well as for general exploration and working capital.
The financing is subject to TSX Venture Exchange approval.
Certain finders may receive a cash fee and/or non-transferable finder warrants.
All securities issued will be subject to a four-month hold period under Canadian securities law.
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada.
Abacus Mining & Exploration Corporation (AME) opened trading at C$0.14 per share.
