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  • Abacus Mining & Exploration Corporation (AME) has closed its non-brokered private placement
  • Abacus raised total gross proceeds of C$1,495,000
  • 11,500,000 units were issued at a price of $0.13 per unit
  • Abacus paid a total of $17,476 in cash commissions and issued a total of 67,214 warrants in finders fees
  • Abacus Mining & Exploration Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada.
  • Abacus Mining & Exploration Corporation (AME) is unchanged, trading at $0.185 per share at 10:30 am ET

Abacus Mining & Exploration Corporation (AME) has closed its non-brokered private placement.

Abacus raised total gross proceeds of C$1,495,000.

11,500,000 units were issued at a price of $0.13 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each full purchase warrant can be exercised to purchase one share at $0.20 until April 14, 2023.

Abacus paid a total of $17,476 in cash commissions and issued a total of 67,214 warrants in finders fees.

All securities are subject to a statutory four-month hold period expiring August 15, 2021. The private placement is subject to final acceptance by the TSX Venture Exchange

Proceeds will be applied towards the company’s exploration programs and for general working capital.

Abacus Mining & Exploration Corp is an exploration stage company engaged in the acquisition, exploration, and development of mineral properties in Canada.

Abacus Mining & Exploration Corporation (AME) is unchanged, trading at $0.185 per share at 10:30 am ET.

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