Aben Resources Closes Amendment to the Slocan Property Option Agreement
February 06 2023 - 5:18PM
Aben Resources Ltd.
(TSX-V: ABN) (OTCQB: ABNAF)
(Frankfurt: E2L2)
(“Aben” or “the Company”) announces that, further to its news
release dated January 23, 2023, it has received the approval of the
TSX Venture Exchange on the amendment to the option agreement dated
November 9, 2021 (the “Agreement”) with Eagle Plains (the
“Optionor”) whereby the Company may acquire a 100% interest in the
Slocan Graphite Property in Southern British Columbia (the
“Property”).
Under the new terms of the amendment, the
Company has been granted an extension on the due date of its first
anniversary obligations, being the cash payment, share issuance and
exploration expenditures The first anniversary obligations, which
were all due by December 31, 2022, are now due as follows:
- CAD $25,000 on or before March 31,
2023;
- 150,000 common shares on or before
March 31, 2023; and
- CAD $250,000 in exploration
expenditures on or before June 30, 2023.
In consideration of the amendment, the Company
has issued the Optionor an additional 350,000 common shares. All
the other terms and conditions of the Agreement remain
unchanged.
About Aben
Resources:
Aben Resources is a diversified Canadian gold
and graphite exploration company with exploration projects in
British Columbia, Ontario, and the Yukon Territory.
For further information on Aben Resources Ltd. (TSX-V: ABN),
visit our Company’s website at www.abenresources.com.
ABEN RESOURCES LTD.
“Jim Pettit”______________________JAMES G.
PETTITPresident & CEO
For further information contact:Aben Resources Ltd.Riley
Trimble, Corporate CommunicationsTelephone: 604-416-2978Toll Free:
800-567-8181Facsimile: 604-687-3119Email:
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.
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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