Past news release on share purchase warrants
April 6 th, 2018
Aben Resources Announces Private Placement Financings
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces a non-brokered private placement of up to 4,000,000 units at a price of $0.125 each to raise gross proceeds of up to $500,000. Each unit will consist of one common share and one warrant (each, a “Warrant”) exercisable to purchase one additional common share at a price of $0.25 each for a period of 3 years from the date of issuance (Expiry Date: April, 2021). The expiry period for the Warrants shall be subject to acceleration if the average trading price for the Company’s shares stays above $0.50 for 10 consecutive trading days. The Company also announces a non-brokered private placement of up 8,500,000 flow-through units at a price of $0.18 each to raise gross proceeds of up to $1,530,000. Each flow-through unit will consist of one flow-through common share and one warrant exercisable to purchase one additional (non-flow-through) common share at a price of $0.25 each for a period of 3 years from the date of issuance, subject to the same acceleration as above. A finder’s fee in the amount of 7% cash and 7% finder's warrants (the "Finder's Warrants"
may be paid in connection with part of the private placements with each Finder's Warrant having the same terms as the unit Warrants. The private placements are subject to TSX Venture Exchange acceptance. The Company intends to utilize the proceeds from the private placements for an upcoming 2018 British Columbia and for general working capital purposes.
July 21, 2020
Aben Receives TSXV Approval to Amend Share Purchase Warrants
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that, further to its July 17, 2020 news release, it has received approval from the TSX Venture Exchange ("TSXV" to amend the exercise price and expiry date of common share purchase warrants (each, a "Warrant" previously issued in connection with its non-brokered private placement of units of the Company that closed on August 21, 2018. Each Warrant initially entitled the holder to purchase one common share of the Company at a price of $0.45 per common share until August 21, 2020. The Warrants have been amended as follows:
Date of issuance: August 21, 2018
Number of warrants: 14,264,967 (including Eric Sprott's 6,666,667 common share purchase warrants)
Amended exercise price: $0.39
Amended expiry date: August 21, 2021
November 24, 2020
Aben Resources to Extend Term of Share Purchase Warrants
November 24, 2020
Aben Resources to Extend Term of Share Purchase Warrants
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the Company’s Board of Directors has approved the amendment of certain common share purchase warrants (the “Warrants”), that were issued by way of private placement, by extending the expiry date one additional year. The Warrants affected are 8,560,000 share purchase warrants issued on June 29, 2017 with an expiry date of December 29, 2020 and exercisable at $0.15 per common share. The new expiry date will be December 29, 2021 and the exercise price shall remain the same. The Company will not be sending out new warrant certificates unless requested by the holder. The warrant amendment remains subject to the approval of the TSX Venture Exchange.
Summary of amended share purchase warrants:
12.5 million warrants exercisable at 25 cents with expiry date of April, 2021 >>>>> Aben will receive $3.125 million if exercised
14.264967 million warrants exercisable at 39 cents with expiry date of August 21, 2021 >>>>> Aben will receive $5.563 million if exercised
8.560 million warrants exercisable at 15 cents with expiry date of December 29, 2021 >>>>> Aben will receive $1.284 million if exercised
Total potential cash in Aben's coffer: $9.972 million for drilling to discover bonanza gold deposits in Forrest Kerr
Source of Information:
https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
April 6 th, 2018
Aben Resources Announces Private Placement Financings
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2)
(the “Company”) announces a non-brokered private placement of up to 4,000,000 units at a price of $0.125 each to raise gross proceeds of up to $500,000. Each unit will consist of one common share and one warrant (each, a “Warrant”) exercisable to purchase one additional common share at a price of $0.25 each for a period of 3 years from the date of issuance (Expiry Date: April, 2021). The expiry period for the Warrants shall be subject to acceleration if the average trading price for the Company’s shares stays above $0.50 for 10 consecutive trading days. The Company also announces a non-brokered private placement of up 8,500,000 flow-through units at a price of $0.18 each to raise gross proceeds of up to $1,530,000. Each flow-through unit will consist of one flow-through common share and one warrant exercisable to purchase one additional (non-flow-through) common share at a price of $0.25 each for a period of 3 years from the date of issuance, subject to the same acceleration as above. A finder’s fee in the amount of 7% cash and 7% finder's warrants (the "Finder's Warrants"
may be paid in connection with part of the private placements with each Finder's Warrant having the same terms as the unit Warrants. The private placements are subject to TSX Venture Exchange acceptance. The Company intends to utilize the proceeds from the private placements for an upcoming 2018 British Columbia and for general working capital purposes. July 21, 2020
Aben Receives TSXV Approval to Amend Share Purchase Warrants
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that, further to its July 17, 2020 news release, it has received approval from the TSX Venture Exchange ("TSXV"
to amend the exercise price and expiry date of common share purchase warrants (each, a "Warrant" previously issued in connection with its non-brokered private placement of units of the Company that closed on August 21, 2018. Each Warrant initially entitled the holder to purchase one common share of the Company at a price of $0.45 per common share until August 21, 2020. The Warrants have been amended as follows: Date of issuance: August 21, 2018
Number of warrants: 14,264,967 (including Eric Sprott's 6,666,667 common share purchase warrants)
Amended exercise price: $0.39
Amended expiry date: August 21, 2021
November 24, 2020
Aben Resources to Extend Term of Share Purchase Warrants
November 24, 2020
Aben Resources to Extend Term of Share Purchase Warrants
Vancouver, BC -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the Company’s Board of Directors has approved the amendment of certain common share purchase warrants (the “Warrants”), that were issued by way of private placement, by extending the expiry date one additional year. The Warrants affected are 8,560,000 share purchase warrants issued on June 29, 2017 with an expiry date of December 29, 2020 and exercisable at $0.15 per common share. The new expiry date will be December 29, 2021 and the exercise price shall remain the same. The Company will not be sending out new warrant certificates unless requested by the holder. The warrant amendment remains subject to the approval of the TSX Venture Exchange.
Summary of amended share purchase warrants:
12.5 million warrants exercisable at 25 cents with expiry date of April, 2021 >>>>> Aben will receive $3.125 million if exercised
14.264967 million warrants exercisable at 39 cents with expiry date of August 21, 2021 >>>>> Aben will receive $5.563 million if exercised
8.560 million warrants exercisable at 15 cents with expiry date of December 29, 2021 >>>>> Aben will receive $1.284 million if exercised
Total potential cash in Aben's coffer: $9.972 million for drilling to discover bonanza gold deposits in Forrest Kerr
Source of Information:
https://sedar.com/DisplayCompanyDocuments.do?...o=00005652
