Abacus Announces $500,000 Financing
VANCOUVER, British Columbia , April 17, 2023 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV: AME) is pleased to announce a non-brokered private placement (“Offering”) for proceeds of up to $500,000 through the issuance of up to 16,666,667 units (“Units”) at a price of $0.03 per Unit.
- Proceeds from the Offering will be applied towards exploration and for general working capital, and payment of US$82,500 in respect of a property payment to the owners of the Nev-Lorraine property.
- The financing is subject to TSX Venture Exchange approval.
- In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.
- All securities issued will be subject to a four month hold period under Canadian securities law.