- Abacus Mining & Exploration Corporation (AME) has completed a non-brokered private placement for total gross proceeds of $173,600
- The company issued 1,736,000 units priced at $0.10 per unit
- Proceeds from the Private Placement will be applied towards the company’s exploration programs
- Abacus Mining & Exploration Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada
- Abacus Mining & Exploration Corporation (AME) opened trading at C$0.065 per share
Abacus Mining & Exploration Corporation (AME) has completed a non-brokered private placement for total gross proceeds of $173,600.
The company issued 1,736,000 units priced at $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one share at a price of $0.15 for 36 months from the closing date of the offering.
Abacus will not pay any commissions or finders’ fees in connection with the private placement.
All securities issued will be subject to a statutory four-month hold period from the date of closing. The offering is subject to final acceptance by the TSX Venture Exchange.
Proceeds from the Private Placement will be applied towards the company’s exploration programs and for general working capital.
Abacus Mining & Exploration Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada.
Abacus Mining & Exploration Corporation (AME) opened trading at C$0.065 per share.