Abacus completes non-brokered private placement

Apr 05, 2018

VANCOUVER, British Columbia, April 04, 2018 (GLOBE NEWSWIRE) -- Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSXV:AME, Financial) is pleased to announce the closing of the previously announced non-brokered private placement for gross proceeds of $828,500 through the issuance of 4,142,500 units of the Company ("Units") at a price of $0.20 per Unit. Each Unit consists 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 $0.30 per common share for a period of three years from the date of closing of the financing.

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