Aben Minerals Closes Over Subscribed Private Placement

Core Viewpoint - Aben Minerals Ltd. has successfully closed a non-brokered private placement financing, raising total gross proceeds of CAD $316,000 to support exploration and working capital [1][4]. Financing Details - The company issued 4,514,286 units at a price of CAD$0.07 per unit, with each unit consisting of one common share and one full warrant [2]. - Each warrant allows the holder to purchase one common share for two years at a price of CAD $0.10 per share [2]. - Finder's fees of CAD$2,940 were paid, along with the issuance of 42,000 finder's warrants, which are also exercisable into one common share at CAD $0.10 for two years [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Related Party Transaction - A portion of the private placement is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority shareholder approval requirements [5]. Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project and the Forrest Kerr Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [7].