Geo-Mineral Exploration Corporation

Abacus Announces $500,000 Financing

Retrieved on: 
Monday, April 17, 2023

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.

Key Points: 
  • 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.

Tahltan Nation and Nisg̱a’a Nation Announce New Partnership That Will Maximize Economic Benefits at the Seabridge KSM Project

Retrieved on: 
Thursday, January 26, 2023

This partnership brings new life to a historic and centuries-old Peace Treaty, through the Treaty Creek Limited Partnership.

Key Points: 
  • This partnership brings new life to a historic and centuries-old Peace Treaty, through the Treaty Creek Limited Partnership.
  • The new partnership will optimize their participation at the Seabridge KSM project, further establishing the Nations as industry leaders in mining and exploration.
  • The partnership between the Nations has been established through their respective development corporations, Tahltan Nation Development Corporation and Nisg̱a’a Growth Corporation.
  • That has come to fruition with the creation of the Treaty Creek Limited Partnership, whereby the Nisga’a Nation and Tahltan Nation will combine forces to maximize joint opportunities on the Seabridge KSM Project,” said Chad Norman Day, President of the Tahltan Central Government.

Abacus Will Attend VRIC

Retrieved on: 
Monday, January 9, 2023

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is pleased to announce that it will be attending the VRIC conference at the Vancouver Convention Center, from January 29-30, 2023, booth #412.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - January 9, 2023) - Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is pleased to announce that it will be attending the VRIC conference at the Vancouver Convention Center, from January 29-30, 2023, booth #412.
  • Abacus holds a 20% ownership interest in the Ajax copper-gold porphyry project, located near Kamloops, British Columbia., which is managed by base metal major KGHM Polska Miedź S.A., who hold the remaining 80%.
  • Contained metal is in the order of 2.7 Bil lbs Cu, 2.6 Moz Au and 5.3 Moz Ag*.
  • Abacus is also exploring a large porphyry copper-molybdenum (Cu-Mo) project in the Yerington camp of Nevada, southeast of Reno.

Abacus Provides News on Willow Option

Retrieved on: 
Monday, January 9, 2023

Further expenditures would allow Abacus to increase their interest to 75%, whereupon a Joint Venture with Almadex would be established.

Key Points: 
  • Further expenditures would allow Abacus to increase their interest to 75%, whereupon a Joint Venture with Almadex would be established.
  • Abacus now has until December 31, 2025, to earn the initial 60% interest in Willow, for the issuance of 2,000,000 shares and for the expenditure of an additional USD 2 million.
  • All other terms of the option remain the same, and the amendment is subject to regulatory approval.
  • “I am pleased to extend the Willow option period,” commented Paul G. Anderson, President and CEO of Abacus, “as the property has an excellent potential to host a new porphyry copper-molybdenum (Cu-Mo) deposit in the Yerington camp.

Abacus Provides a Corporate Update

Retrieved on: 
Thursday, December 22, 2022

VANCOUVER, British Columbia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV: AME) is pleased to announce that all resolutions put before the shareholders were passed at its AGM held on December 19, 2022.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV: AME) is pleased to announce that all resolutions put before the shareholders were passed at its AGM held on December 19, 2022.
  • The directors elected to the board for the coming year are Michael McInnis, Paul G. Anderson, Thomas McKeever and Kerry Spong.
  • The Company wishes to express its sincere appreciation to the time and effort that John devoted to the Abacus board, and regrets that his other business interests have precluded his continued involvement as a director.
  • John was first elected a director of Abacus in 2015.

Abacus Announces Warrant Extension

Retrieved on: 
Friday, December 2, 2022

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) announces that the Company has applied to extend the exercise period of a total of 10,770,000 share purchase warrants, all of which are exercisable at $0.08 per share (collectively, the "Warrants").

Key Points: 
  • VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) announces that the Company has applied to extend the exercise period of a total of 10,770,000 share purchase warrants, all of which are exercisable at $0.08 per share (collectively, the "Warrants").
  • The Warrant extension is subject to acceptance by the TSX Venture Exchange.
  • For the latest reports and information on Abacus projects, please refer to the Companys website at www.amemining.com.
  • All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements.

Abacus Will Attend VRIC

Retrieved on: 
Tuesday, May 10, 2022

Vancouver, British Columbia--(Newsfile Corp. - May 10, 2022) - Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is pleased to announce that it will be attending the VRIC conference at the Vancouver Convention Center, from May 18-19, 2022, booth #129.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 10, 2022) - Abacus Mining & Exploration Corporation (TSXV: AME) ("Abacus" or the "Company") is pleased to announce that it will be attending the VRIC conference at the Vancouver Convention Center, from May 18-19, 2022, booth #129.
  • Abacus holds a 20% ownership interest in the Ajax copper-gold porphyry project, located near Kamloops, British Columbia., which is managed by base metal major KGHM Polska Mied S.A., who hold the remaining 80%.
  • Contained metal is in the order of 2.7 Bil lbs Cu, 2.6 Moz Au and 5.3 Moz Ag*.
  • Abacus is also exploring a significant porphyry Cu-Mo project in the Yerington camp of Nevada.

Abacus Announces Grant of Stock Options

Retrieved on: 
Monday, March 28, 2022

VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV:AME) is pleased to announce that the Board of Directors has approved the grant of stock options to directors, officers, employees and consultants of the Company allowing for the acquisition of up to, in the aggregate, 3,050,000 shares of the Company.

Key Points: 
  • VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV:AME) is pleased to announce that the Board of Directors has approved the grant of stock options to directors, officers, employees and consultants of the Company allowing for the acquisition of up to, in the aggregate, 3,050,000 shares of the Company.
  • The grant is a result of the Companys annual compensation review and the issuance is made under the Companys approved stock option plan.
  • The options are exercisable at a price of $0.07 per share for a period of five years from the date of grant and are subject to regulatory policies.
  • All statements in this release, other than statements of historical facts, that address events or developments that Abacus expects to occur, are forward-looking statements.

Abacus completes final tranche of its non-brokered private placement

Retrieved on: 
Wednesday, March 16, 2022

VANCOUVER, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) is pleased to announce the closing of the second and final tranche of its non-brokered private placement of units (the Private Placement), as announced on February 23, 2022, February 28, 2022, March 2, 2022 and March 10, 2022.

Key Points: 
  • VANCOUVER, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) is pleased to announce the closing of the second and final tranche of its non-brokered private placement of units (the Private Placement), as announced on February 23, 2022, February 28, 2022, March 2, 2022 and March 10, 2022.
  • Pursuant to the final tranche of the Private Placement, the Company raised total gross proceed of $60,000, and issued 1,000,000 units (Units) at a price of $0.06 per Unit.
  • All securities issued in connection with the final tranche of the Private Placement are subject to a statutory four month hold period expiring July 17, 2022, and the final tranche of the Private Placement is subject to final acceptance by the TSX Venture Exchange (the TSXV).
  • Proceeds from the Private Placement will be applied towards the Companys exploration programs and well as for general working capital.

Abacus completes tranche 1 of its non-brokered private placement

Retrieved on: 
Friday, March 11, 2022

VANCOUVER, British Columbia, March 10, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) is pleased to announce the closing of the first tranche of its non-brokered private placement of units (the Private Placement), as announced on February 23, 2022, February 28, 2022 and March 2, 2022.

Key Points: 
  • VANCOUVER, British Columbia, March 10, 2022 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (Abacus or the Company) (TSXV: AME) is pleased to announce the closing of the first tranche of its non-brokered private placement of units (the Private Placement), as announced on February 23, 2022, February 28, 2022 and March 2, 2022.
  • Pursuant to the first tranche of the Private Placement, the Company raised total gross proceed of $700,000, and issued 11,666,667 units (Units) at a price of $0.06 per Unit.
  • All securities issued in connection with the Private Placement are subject to a statutory four month hold period expiring July 11, 2022, and the Private Placement is subject to final acceptance by the TSX Venture Exchange (the TSXV).
  • Proceeds from the Private Placement will be applied towards the Companys exploration programs and well as for general working capital.