- Abacus received final acceptance for the C$1,495,000 non-brokered private placement announced on March 10 from the TSX Venture Exchange
- The offering, which closed on April 14, was for 11,500,000 units for $0.13 per unit for total gross proceeds of $1,495,000
- Each unit consists of one common share and one-half of one common share purchase warrant
- Abacus paid a total of C$17,476 in cash commissions and issued a total of 67,214 warrants in finders fees
- Proceeds will be applied towards the company’s exploration programs and general working capital
- Abacus is a mineral exploration and mine development company
- Abacus Mining & Exploration Corporation (AME) is up 2.56 per cent, trading at $0.20 per share at 1:30 pm ET
Abacus Mining (AME) announces that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.
The offering which was announced on March 10 and closed on April 14, was for 11,500,000 units at $0.13 per unit for total gross proceeds of C$1,495,000.
Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant can be exercised to purchase one share at a price of $0.20 until April 14, 2023.
Abacus paid a total of C$17,476 in cash commissions and issued a total of 67,214 warrants to finders in connection with the placement.
All securities issued are subject to a statutory four-month hold period expiring August 15, 2021.
The private placement was offered to existing shareholders of Abacus.
Proceeds will be applied towards the company’s exploration programs and general working capital.
Abacus is a mineral exploration and mine development company focused on its optioned Willow copper-gold property located near Yerington, Nevada in which it can acquire up to a 75% ownership interest, and the contiguous Nev-Lorraine claims subject to a ten-year lease agreement.
Abacus Mining & Exploration Corporation (AME) is up 2.56 per cent, trading at $0.20 per share at 1:30 pm ET.