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Vancouver, BC, Jan. 16, 2024 (GLOBE NEWSWIRE) — Aben Minerals Ltd. (TSX-V: ABM) (OTCQB: ABNAF) (Frankfurt: R26) (“Aben” or “the Firm”) is happy to announce that it has closed a non-brokered non-public placement financing for complete gross proceeds of $300,000 (the “Personal Placement”).
The Firm issued 300 unsecured convertible debentures (the “Debentures”) at a value of $1,000 per Debenture. The Debentures bear a two-year maturity date with curiosity at a charge of 12.00% each year, paid month-to-month upfront, payable in money on the 1st of every month.
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Commencing at some point after the closing till the shut of enterprise on the sixth day previous to the maturity date, the Debenture holders shall have the proper to transform the Debentures into items (the “Models”) at a value of $.10 per Unit. Every Unit will consist of 1 widespread share within the capital of the Firm (a “Share”) and one transferable Share buy warrant (a “Warrant”), with every Warrant being exercisable into one Share (a “Warrant Share”) at a value of $0.15 per Warrant Share for a interval of three years following the difficulty date.
The Firm intends to make use of the proceeds from the Personal Placement in direction of common working capital functions. The Personal Placement is topic to ultimate TSX Enterprise Trade approval, and the Debentures are topic to a four-month-and-one-day maintain interval.
About Aben Minerals:
Aben Minerals is a Canadian gold exploration firm with exploration tasks within the Yukon Territory and British Columbia. The Firm’s purpose is to extend shareholder worth by new discoveries and creating exploration tasks in geopolitically beneficial jurisdictions. The Firm has 18.7 million shares excellent.
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For additional data on Aben Minerals Ltd. (TSX-V: ABM), go to our Firm’s web site at www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”
______________________
Riley Trimble
President & CEO
For additional data contact:
Aben Minerals Ltd.
Riley Trimble, President & CEO
Phone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
E mail: data@abenminerals.com
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
This launch contains sure statements which may be deemed to be “forward-looking statements”. All statements on this launch, aside from statements of historic details, that deal with occasions or developments that administration of the Firm expects, are forward-looking statements. Though administration believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements are usually not ensures of future efficiency, and precise outcomes or developments could differ materially from these within the forward-looking statements. The Firm undertakes no obligation to replace these forward-looking statements if administration’s beliefs, estimates or opinions, or different components, ought to change. Components that might trigger precise outcomes to vary materially from these in forward-looking statements, embrace market costs, exploration and improvement successes, continued availability of capital and financing, and common financial, market or enterprise circumstances. Please see the general public filings of the Firm at www.sedar.com for additional data.
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