• 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.

More From The Market Online

Nickelex Resource to acquire Arlington Gold Property

Nickelex Resource (TSXV:NICK) acquires 100 per cent interest in nine claims within the Boundary District in south-central British Columbia.

Myriad Uranium secures mining lease at Copper Mountain

Myriad Uranium (CSE:M) has entered into a 20-year mining lease with Diamond X Ranch for the Copper Mountain Uranium Project.
Negotiating in a meeting room

Sitka Gold to acquire 100% ownership of Barney Ridge

Sitka Gold (TSXV:SIG) agrees to acquire a 100 per cent interest in the Barney Ridge Property in the Yukon.

Junior copper miner secures another major partner

Junior copper miner Midnight Sun Mining (TSXV:MMA) signs a cooperative exploration plan with First Quantum Minerals.