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Aben Acquires Iskut River Property Between Snip and Eskay Creek Gold Mines
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN)(OTCBB:ABNAF)(FRANKFURT:E2L2) (the "Company") is pleased to ann
About this update from Aben Gold Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2016) - Aben Resources Ltd. (TSX VENTURE:ABN)(OTCBB:ABNAF)(FRANKFURT:E2L2) (the \"Company\") is pleased to announce that the Company has acquired, through staking, 3906 hectares of highly prospective land in the Golden Triangle region of North West British Columbia. The newly acquired Iskut River claims are located near the end of the Altagas Mclymont road which extends off the Eskay Creek Mine road. The property is approximately half way between the Eskay Creek Mine and the Snip Mine (15 kilometers either way). The Company views this region as being one of the premier regions in the world for hosting high-grade gold discoveries like Eskay Creek, Snip, and Brucejack. By acquiring these claims Aben now has a foothold in the region and fully intends to move forward with plans to explore. The Golden Triangle in British Columbia hosts world class metal deposits including the Eskay Creek and Snip past producing high-grade gold mines (Barrick), the newly built Red Chris copper-gold mine (Imperial Metals), the Brucejack high-grade gold mine now under construction (Pretivm) and the KSM (Seabridge), Galore Creek (Teck-NovaGold), and Schaft Creek (Teck) porphyry copper-gold projects. The Board of Directors also wish to announce a non-brokered private placement of up to 5,000,000 Units at a price of $0.05 per Unit. 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 one year. 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 the private placement for exploration on its newly acquired Iskut River, BC property and for general working capital purposes. About Aben Resources: Aben Resources 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 t...