Aben Resources Ltd.

TSX VENTURE : ABN
PINKSHEETS : ABNAF
FRANKFURT : E2L


Aben Resources Ltd.

March 03, 2014 16:26 ET

Aben Resources Share Consolidation Approved

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) - Aben Resources Ltd. (TSX VENTURE:ABN)(PINKSHEETS:ABNAF)(FRANKFURT:E2L) (the "Company") is pleased to announce that further to its news release dated February 21, 2014, the share consolidation is now effective as of today, March 3, 2014. At the Company's Annual and Special General Meeting held on February 20, 2014, shareholders approved a special resolution consolidating the Company's share capital on the basis of one (1) new share for each ten (10) old shares. The issued capital of the Company was 132,359,846 pre-consolidation and is currently 13,235,984 less fractions where applicable, after the consolidation.

This transaction received approval from the TSX Venture Exchange on February 28, 2014. There is no name change in conjunction with the share consolidation.

Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its ongoing business activities including the acquisition of mineral properties and exploration and development of its properties.

The new ISIN issuance number is: CA00289T2074

The new CUSIP number is: 00289T207

About Aben Resources:

Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan's Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.

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

ON BEHALF OF THE BOARD OF DIRECTORS

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.

Contact Information

  • Aben Resources Ltd.
    James G. Pettit
    President
    604-687-3376 or Toll Free: 800-567-8181

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