- Abacus Mining and Exploration Corporation (AME) has closed its non-brokered private placement of units for gross proceeds of $750,000
- The company issued one million units priced at $0.06 per unit for the final two tranches
- A total of 12.5 million units were issued during the offering
- Proceeds will be applied towards exploration and general working capital
- Abacus Mining and Exploration Corporation (AME) is up 9.09 per cent, trading at $0.06 per share at 4:03 p.m. ET
Abacus Mining and Exploration Corporation (AME) has closed its non-brokered private placement of units for gross proceeds of $750,000.
The company issued one million units priced at $0.06 per unit.
Each unit consists of one common share and half of one common share purchase warrant. A full warrant is exercisable to purchase one share at a price of $0.10 per share for two years after the closing date.
A total of 12.5 million units were issued over the entirety of the financing.
Proceeds from the offering will be applied towards exploration and general working capital.
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada.
Abacus Mining and Exploration Corporation (AME) is up 9.09 per cent and is trading at $0.06 per share as of 4:03 p.m. ET.