VANCOUVER, British Columbia, Nov. 23, 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 $487,200 through the issuance of 4,872,000 units of the Company ("Units") at a price of $0.10 per Unit. Each Unit consists of one common share of the Company and one non-transferable common share purchase warrant (“Warrant”), with each Warrant exercisable to purchase one common share of the Company at a price of $0.20 per common share for a period of three years from the date of closing of the financing. Abacus paid a total of $4,529.00 in cash commissions and issued a total of 45,290 Warrants to finders. All securities issued will be subject to a statutory four month hold period expiring on March 24, 2019, and the financing is subject to final TSX Venture Exchange approval.
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