Aben Gold Closes Private Placement Financing

Executive Summary

• Aben Gold Corp. closed a non‑brokered private placement raising CAD $400,000 in gross proceeds.
• The offering consisted of 5,000,000 units at CAD $0.08 per unit; each unit includes one common share and one warrant exercisable at CAD $0.12 for two years.
• Proceeds will be used to fund exploration activities and general working capital.

Key Details

• Units Issued: 5,000,000 units @ CAD $0.08 per unit (gross proceeds CAD $400,000).
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Right to purchase one common share at CAD $0.12 per share; term of two years.
• Insider Subscription: Management and Board subscribed for 550,000 units (CAD $44,000), qualifying as a related‑party transaction under MI 61‑101.
• Use of Proceeds: Exploration expenditures and general working capital purposes.
• Holding Period: All securities subject to a four‑month‑and‑one‑day hold period.
• TSX Venture Exchange Approval: Placement pending final TSX V approval; no finder’s fees paid.

Notable Quotes

“The private placement provides us with the capital needed to advance our exploration program and sustain operational momentum.” – Riley Trimble, President & CEO.