Aben Minerals Closes Oversubscribed Private Placement

Aben Minerals Ltd. (TSX-V: ABM) (OTCQB: ABNAF) (Frankfurt: R26) has successfully closed a non-brokered private placement, raising CAD $316,000. The company issued 4,514,286 units at a price of CAD $0.07 per unit, with each unit consisting of one common share and one full warrant exercisable at CAD $0.10 per share for a period of two years. Additionally, the company paid finder's fees of CAD $2,940 and issued 42,000 finder's warrants.

The oversubscription of the private placement reflects a positive investor sentiment towards Aben Minerals and its exploration projects. The funds raised will be used towards exploration expenditures and general working capital purposes, enabling the company to advance its projects more effectively.

Aben Minerals has a diversified portfolio of gold exploration projects in British Columbia and the Yukon, including the flagship Justin Gold Project and the Forrest Kerr Gold Project. The company's strategic location in mineral-rich regions with excellent infrastructure, combined with its experienced management team, has contributed to the positive investor sentiment.

The completion of the private placement financing has a positive impact on Aben Minerals' financial position and its ability to execute on its exploration and development plans. The funds raised will strengthen the company's cash reserves, enable it to accelerate its exploration activities, and maintain its shareholder base without significant dilution.

In conclusion, Aben Minerals' successful closing of the oversubscribed private placement demonstrates the company's strong appeal to investors and its potential for growth and exploration efforts. The funds raised will be instrumental in advancing the company's projects and increasing shareholder value.