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  • Abacus Mining and Exploration (AME) has upsized its non-brokered private placement for proceeds of up to $700,000
  • The company will issue up to 11,666,666 units priced at $0.06 per unit
  • The company will use the proceeds for exploration and general working capital
  • Abacus is a mineral exploration and development company focused on copper and gold assets in B.C. and Nevada
  • Abacus Mining (AME) is unchanged trading at C$0.06 per share

Abacus Mining and Exploration (AME) has upsized its previously announced non-brokered private placement for proceeds of up to $700,000.

The company will issue up to 11,666,666 units priced at $0.06 per unit. Each unit consists of one common share and one-half of one non-transferable common share purchase warrant.

Each warrant is exercisable to purchase one common share for $0.10 for two years from the closing date.

The company will use the proceeds for exploration and general working capital.

It holds options and leases on the Willow and adjacent Nev-Lorraine copper-molybdenum properties in Nevada, as well as a 20-per-cent interest, carried to production in the advanced Ajax copper-gold property in B.C.

Abacus is a mineral exploration and development company focused on copper and gold assets in B.C. and Nevada.

Abacus Mining (AME) is unchanged trading at C$0.06 per share as of 4:20 pm EST.

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