Business
Abacus Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Abacus Mining & Exploratio...
About this update from Abacus Mining & Exploration Corp.
[{"type":"text","content":"Abacus Announces Private PlacementVancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Abacus Mining & Exploration Corporation (TSXV: AME) (\"Abacus\" or the \"Company\") is pleased to announce a non-brokered private placement (\"Offering\") for proceeds of up to $300,000 through the issuance of up to 12,000,000 units (\"Units\") at a price of $0.025 per Unit. Each Unit will consist of one common share of the Company and one half of one non-transferable common share purchase warrant, with each whole warrant exercisable to purchase one common share of the Company at a price of $0.05 per common share for a period of 3 years from the date of closing of the Offering. Proceeds from the Offering will be applied towards general working capital purposes. The Company holds a 20% interest carried to production in the advanced Ajax copper-gold development project in B.C. (see News Release dated December 1, 2025). In mid-2024 it acquired 100% of the Willow copper-molybdenum property, after exploring it for several years under an option, and it holds a lease on the adjacent Nev-Lorraine copper-molybdenum property both near Yerington, Nevada. Investors are referred to the Company website for the latest news and project descriptions.The Offering is being conducted pursuant to available prospectus exemptions, including the exemption to existing shareholders of Abacus who are permitted to subscribe pursuant to British Columbia Instrument 45-534 - Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders. If total subscriptions received for the Offering exceed the maximum Offering amount of $500,000, Units will be allocated pro rata among all subscribers qualifying under all available exemptions, unless the Company otherwise increases the maximum Offering amount. The financing is subject to TSX Venture Exchange approval. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants. All securities issued will be subject to a four month hold period under Canadian securities law.On Behalf of the BoardABACUS MINING & EXPLORATION CORPORATIONPaul G. Anderson, P. Geo.President, CEO and Director(604) 682-0301About AbacusAbacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada. The Compa...