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Abacus Announces Financing

Benzinga LogoBenzinga6d ago

Abacus Announces Financing - Benzinga

Quick Summary:

VANCOUVER, British Columbia, Feb.28, 2025 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSXV:AME) is pleased to announce a non-brokered private placement ("Offering") for proceeds of up to $350,000 through the issuance of up to 17,500,000 units ("Units") at a price of $0.02 per Unit.

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.

Each Unit will consist of one common share of the Company and one non-transferable common share purchase warrant, with each 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.

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 12:00:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 780 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26689330

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About Benzinga

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Main Topics: InvestingBusiness

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 16 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #54

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  • URL: https://chronographically.beamstart.com/news/abacus-announces-financing-17412334141461

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