Rackla Metals Exercises Option Agreements on the HIT Project
October 17 2023 - 5:01PM
Aben Minerals Ltd.
(TSX-V: ABM) (OTCQB: ABNAF)
(Frankfurt: R26)
(“Aben” or “the Company”) announces that Rackla Metals Inc.
(“Rackla”) has exercised previously announced exploration option
transaction on the HIT Project in the Yukon.
HIT Property Option
Agreement
The Company has exercised its option to acquire
a 100% interest, subject to a 2.5% NSR royalty, in the HIT property
from Aben Resources Ltd. (TSXV-ABN). Pursuant to the HIT Option
Agreement dated September 28, 2022, Rackla has completed the
following:
I. paid
CAD$25,000 cash to Aben upon signing of the
agreement,II. within
12 months of signing: •
paid an additional CAD$25,000 cash to Aben,
• issued 250,000 common shares of
Rackla to Aben, and •
incurred in excess of the minimum requirement of $100,000 in
exploration expenditures on the HIT property.
The shares issued to Aben are subject to a
resale restriction which expires on February 17, 2024.
Aben will be granted a 0.5% net smelter returns
royalty interest in the Project.
About Aben Minerals:
Aben Minerals is a Canadian gold exploration
company with exploration projects in the Yukon Territory and
British Columbia. The Company’s goal is to increase shareholder
value through new discoveries and developing exploration projects
in geopolitically favourable jurisdictions. The Company has 18.7
million shares outstanding.
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For further information on Aben Minerals Ltd. (TSX-V: ABM),
visit our Company’s website at www.abenminerals.com.
ABEN MINERALS LTD.
“Riley Trimble”______________________Riley
TrimblePresident & CEO
For further information contact:Aben Minerals Ltd.Riley Trimble,
President & CEOTelephone: 604-416-2978Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@abenminerals.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.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
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