GlobeNewswire by notified

Aben Closes Private Placement

Share

VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) -- Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) is pleased to announce that it has completed a non-brokered private placement financing for total gross proceeds of $1,046,300.04 (the “Private Placement”). The Company has issued 5,385,000 units (the "Units") at a price of CAD $0.10 per Unit and 4,231,667 flow-through units (the "FT Units") at a price of CAD $0.12 per FT Unit.

Each Unit is comprised of one common share and one warrant (a “Warrant”). Each FT Unit is comprised of one flow-through common share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one common share for a period of two (2) years at a price of CAD $0.15 per share.

In addition, the Company has paid finder's fees totaling $56,056 and issued an aggregate 520,800 finder's warrants to arm's-length parties, with each finder’s warrant bearing the same terms as the Warrants.

The Company intends to use the proceeds from this Private Placement for exploration activities and the upcoming drilling program at its Forrest Kerr Gold Project, British Columbia, as well as for general working capital purposes. The Private Placement is subject to final TSX Venture Exchange ("Exchange") approval and all securities issued are subject to a four-month-and-one-day hold period.

A portion of the Private Placement constitutes a "related party transaction" within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions ("MI 61-101") adopted in the Policy. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61- 101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company with over $1.0 million in the Company’s treasury.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

ABEN RESOURCES LTD.

“Jim Pettit”

To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

JAMES G. PETTIT

President & CEO

For further information contact myself or:
Simon Dyakowski
Aben Resources Ltd. Strategic Advisor Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Prime Office årsregnskab 202319.3.2024 10:00:00 CET | pressemeddelelse

Selskabsmeddelelse 199/2024 19. marts 2024 PRIME OFFICE A/S: TILFREDSSTILLENDE RESULTAT I EN OMSKIFTELIG VERDEN Økonomisk rapportering pr. 31.12.2023 Resultat af primær drift på 120,7 mio. DKK mod 114,0 i 2022.Resultat før skat på 114,3 mio. DKK mod 166,2 mio. i 2022. VÆKST I BOLIGSEGMENTET – K/S Danske Immobilien Huslejer stiger med 8,5% efter alle koncernens boligejendomme samles i K/S Danske Immobilien, og 4% i stigning uden intern handel. Omsætning/huslejer andrager 111,3 mio. DKK i 2023 mod 102,6 mio. DKK i 2022Udlejningsprocent på 98,5%Investeringer og vedligeholdelse over budget VÆKST I KONTORSEGMENTET - PO KONTORSELSKABER Huslejer stiger med 6,4% Omsætning/huslejer andrager 48,0 mio. DKK i 2023 mod 45,1 mio. DKK i 2022Udlejningsprocent på 99,5% FALD I ERHVERVSSEGMENTET – MC PROPERTY FUND HAMBURG Huslejer falder med 7% efter internt frasalg af boliger til K/S Danske Immobilien Omsætning efter frasalg af ejendomme 38,0 i 2023 40,9 mio. DKK i 2022.Udlejningsprocent på 97,6%. STIGE

Leading in health technology innovation: Philips one of the top patent applicants at European Patent Office19.3.2024 10:00:00 CET | Press release

March 19, 2024 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it is one of the leading patent applicants at the European Patent Office (EPO). Building on more than 130 years of innovation, Philips’ extensive global R&D programs and collaborations position the company at the forefront of health technology innovation. In 2023, Philips improved the health and well-being of 1.9 billion people with its innovations. With 607 MedTech patent applications in 2023, Philips is the second largest applicant in EPO's Patent Index 2023 in the field of medical technology. In total, Philips contributed 1,299 patent applications across various domains, solidifying its standing among the top 10 patent filers overall. Roy Jakobs, CEO of Royal Philips, said "At Philips, our purpose is to improve people’s health and well-being through meaningful innovation. As such, we see huge opportunities to make a difference through innovatio

Annual report 202319.3.2024 09:56:49 CET | Press release

To Nasdaq OMX Copenhagen A/S Public announcement no. 553 March 19th, 2024 ANNUAL REPORT FOR GLUNZ & JENSEN HOLDING A/S FOR THE FISCAL YEAR 2023 The annual report for the fiscal year 2023 was reviewed and approved at the Board of Directors meeting today. The Board of Directors announces the following consolidated financial statements for 2023 set for approval at the Annual General Meeting on April 10th, 2024. Please observe that the 2023 figures cover a 12-month period, whereas the 2022 figures cover a 9-month period. The annual report 2023 has the following key figures: The Group realized a revenue of DKK 143,3 million (2022: DKK 103,4 million). Gross profit totalled DKK 31,9 million (2022: DKK 27,5 million), equal to a gross profit margin of 22,2% (2022: 26,6%). EBITDA was DKK 10,8 million (2022: DKK 18,2 million). Profit before tax for the year totalled DKK 3,5 million (2022: DKK 15,3 million). The result is in line with the guidance to the market. The financial statements for 2023 a

HiddenA line styled icon from Orion Icon Library.Eye