Consolidated Abaddon Resources Inc.
TSX VENTURE : ABN
FRANKFURT : E2L

Consolidated Abaddon Resources Inc.

December 15, 2010 16:52 ET

Consolidated Abaddon Closes Non-Brokered Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2010) - Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN) (FWB:E2L) announces that, further to its news release dated November 9, 2010, it has closed its non-brokered flow-through private placement and issued 5,000,000 flow-through units at a price of $0.10 per unit to raise gross proceeds of up to $500,000. Each flow-through unit consists of one flow-though common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional flow-through common share of the Company at a price of $0.12 per share until December 9, 2013.

The common shares comprising the units and any shares acquired on exercise of the warrants forming part of the units will be subject to a four month restriction on re-sale expiring on April 10, 2011.

Consolidated Abaddon is a Canadian exploration company involved with the development of uranium and lithium properties in the Athabasca Basin of northern Saskatchewan, and in northwestern Ontario. 

For further information on Consolidated Abaddon Resources Inc. (TSX VENTURE:ABN), visit our Company's web site at www.consolidatedabaddon.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

  • Consolidated Abaddon Resources Inc.
    James G. Pettit
    President
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    or
    Consolidated Abaddon Resources Inc.
    Don Myers
    Director
    604-687-3376 or Toll Free: 800-567-8181
    604-687-3119 (FAX)
    info@consolidatedabaddon.com
    www.consolidatedabaddon.com