- Abacus Mining and Exploration (AME) has upsized its non-brokered private placement for proceeds of up to $700,000
- The company will issue up to 11,666,666 units priced at $0.06 per unit
- 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 and Exploration (AME) has upsized its previously announced non-brokered private placement for proceeds of up to $700,000.
The company will issue up to 11,666,666 units priced at $0.06 per unit. 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 4:20 pm EST.