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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2015) - Aben Resources Ltd. (TSX VENTURE:ABN)(OTCBB:ABNAF)(FRANKFURT:E2L2) (the "Company") is pleased to announce, further to its news release of November 09th, the Company has closed the first tranche of its non-brokered private placement financing and has raised $139,250.00 by the issuance of 2,785,000 Units (the "Units") at a deemed price of $0.05 per Unit. Each Unit consists of one common share and one non-transferrable share purchase warrant (the "Warrant"). Each Warrant entitles the holder to purchase one additional common share at a price of $0.055 per share for a period of five years expiring December 21, 2020. Shares issued in connection with this private placement including any shares issued as a result of the exercise of any Warrants will be subject to a four month hold period expiring April 22, 2016. Ron Netolitzky, Jim Pettit and Tim Termuende, insiders of the Company, purchased 100,000, 200,000 and 100,000 Units respectively. |
