Aben Resources announces $1.25M private placement

pcNewsWire – Aben Resources Ltd. (TSX-V: ABN; OTCQB: ABNAF; FSE: E2L2) intends to close a non-brokered private placement of up to 5,000,000 units at $0.10 per unit for up to $500,000 and up to 6,000,000 flow-through units at $0.125 per FT unit for up to $750,000

Proceeds will be used for a 2017 exploration and drilling program at its Forrest Kerr Gold Project located in B.C.’s Golden Triangle region and for general working capital purposes.

News Release

Aben Resources Announces Private Placement Financing

Vancouver, BC — Aben Resources Ltd. (TSX-V: ABN) (OTCBB: ABNAF) (Frankfurt: E2L2) (the “Company”) announces a non-brokered private placement of up to 5,000,000 Units at a price of $0.10 per Unit to raise gross proceeds of up to $500,000. 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 $0.15 for a period of three and one half years.

Aben also announces a non-brokered private placement of up to 6,000,000 flow-through Units at a price of $0.125 per flow-through Unit to raise gross proceeds of up to $750,000. Each flow-through Unit will consist of one flow-through share and one share purchase Warrant entitling the holder to purchase an additional non flow-through share at a price of $0.15 for a period of three and one half years.

A finder’s fee in the amount of 7% cash and 7% warrants may be paid in connection with part of these private placement offerings.

The Company intends to utilize the proceeds from these private placements for a 2017 exploration and drilling program at its Forrest Kerr Gold Project located in B.C.’s Golden Triangle region and for general working capital purposes.

B.C.’s Golden Triangle map:
http://www.abenresources.com/i/maps/ABN_Golden_Triangle_map.jpg

The private placements are subject to TSX Venture Exchange acceptance.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing projects in British Columbia’s Golden Triangle, the Yukon and Saskatchewan.

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.

Aben Resources has approx. 34.7 million shares issued and outstanding.

ABEN RESOURCES LTD.
“Jim Pettit”
____________________________
JAMES G. PETTIT
President & CEO

For further information contact:
Aben Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com

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.