- Abacus Mining (AME) has announced a $500,000 non-brokered private placement
- It will issue up to 8,333,333 units priced at $0.06
- The company will use the proceeds for exploration and general working capital
- Abacus is a mineral exploration and development company focused on copper and gold assets in B.C. and Nevada
- Abacus Mining (AME) is unchanged trading at C$0.06 per share
Abacus Mining (AME) has announced a $500,000 non-brokered private placement.
It will issue up to 8,333,333 units priced at $0.06.
Each unit consists of one common share and one-half of one non-transferable common share purchase warrant.
Each warrant is exercisable to purchase one common share for $0.10 for two years from the closing date.
The company will use the proceeds for exploration and general working capital.
It holds options and leases on the Willow and adjacent Nev-Lorraine copper-molybdenum properties in Nevada, as well as a 20-per-cent interest carried to production in the advanced Ajax copper-gold property in B.C.
Abacus is a mineral exploration and development company focused on copper and gold assets in B.C. and Nevada.
Abacus Mining (AME) is unchanged trading at C$0.06 per share as of 12:46 pm EST.