Aben Resources Closes Final Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 3, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN)(OTC PINK:ABNAF)(FRANKFURT:E2L2) (the "Company") is pleased to announce that it has closed an oversubscribed 6,500,000 unit non-brokered private placement financing (the "Financing"). The Financing was increased in size from an initial 5,000,000 units before ultimately closing at 6,500,000 units based on strong investor demand. Closing of the Financing occurred in three tranches with 2,140,000 units of the Financing closing on May 27, 2016, 2,565,000 of the Financing closing on May 31, 2016 and the balance of 1,795,000 closing on June 3, 2016.
Aben intends to utilize the proceeds from the private placement for exploration on its newly acquired 3906 hectares Beauty, Iskut River gold property located in the Golden Triangle region of northwest British Columbia and for general working capital purposes.
Aben's Beauty, Iskut River, BC gold property location map:
http://www.abenresources.com/i/maps/ABN-BCAben_areaPlay_map-small.jpg
The final closing of the private placement is subject to TSX Venture Exchange acceptance.
About Aben Resources:
Aben Resources is a Canadian gold exploration company developing projects in British Columbia, the Yukon and North West Territories.
For further information on Aben Resources Ltd. (TSX VENTURE:ABN), visit our Company's web site at www.abenresources.com.
Jim Pettit
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
Contact
Aben Resources Ltd.
Don Myers
Corporate Communications
Telephone: 604-687-3376 or Toll Free: 800-567-8181
604-687-3119
Email: info@abenresources.com
www.abenresources.com