Aben Resources Ltd.
TSX VENTURE : ABN
OTCBB : ABNAF
FRANKFURT : E2L2

Aben Resources Ltd.

October 11, 2016 14:00 ET

Aben Resources Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 11, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN) (OTCBB:ABNAF) (FRANKFURT:E2L2) (the "Company") announces a non-brokered private placement of up to 6,666,667 Units at a price of $0.075 per Unit to raise proceeds of up to $500,000. Each Unit will consist of one Share and One Share Purchase Warrant entitling the holder to purchase an additional common share at a price of $0.10 for a period of two years. A finder's fee in the amount of 7% cash and 7% warrants may be paid in connection with part of this private placement offering.

The Company intends to utilize the proceeds from this private placement for further exploration on its Forrest Kerr Gold Project located in B.C.'s Golden Triangle region, new property investigation and for general working capital purposes.

B.C.'s Golden Triangle map: http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg

About Aben Resources Ltd.:

Aben Resources Ltd. is a Canadian gold exploration company developing projects in British Columbia, the Yukon and North West Territories.

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

ABEN RESOURCES LTD.

JAMES G. PETTIT, President

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.

Contact Information

  • Aben Resources Ltd.
    James G. Pettit
    President
    604-687-3376 OR Toll Free: 800-567-8181
    604-687-3119 (FAX)

    Aben Resources Ltd.
    Don Myers
    Corporate Communications
    604-687-3376 OR Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@abenresources.com