Mr.
Riley Trimble reports
ABEN GOLD ANNOUNCES UP TO $1.5 MILLION NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT
Aben Gold Corp. proposes to complete a non-brokered private placement financing to raise gross proceeds of up to $1.5-million by the issuance of up to 7.5 million flow-through units at a price of 20 cents per unit.
Each flow-through unit will consist of one flow-through common share in the capital of the company that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant.
Each warrant will entitle the holder thereof to acquire one non-flow-through common share at an exercise price of 30 cents per warrant share for a period of 24 months following the closing of the offering. In the event that, after the statutory hold period has expired, the closing price of the issuer's common shares on any other stock exchange on which the issuer's common shares are then listed is at a price equal to or greater than 50 cents for a period of 10 consecutive trading days, the issuer will have the right to accelerate the expiry date of the warrants.
The securities issued pursuant to the offering will be subject to a hold period of four months and one day from issuance, pursuant to applicable Canadian securities laws.
The gross proceeds from the sale of the flow-through shares will be used by the company to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures for the purposes of the tax act on or before Dec. 31, 2027. Such gross proceeds will be renounced in favour of the purchasers with an effective date of not later than Dec. 31, 2026, in an aggregate amount equal to the total amount of the gross proceeds from the sale of flow-through shares under the offering.
The company intends to use the proceeds of the offering primarily for conducting exploration and drilling on the company's Justin gold-tungsten property, located within the Tombstone gold belt in southeastern Yukon, Canada.
In connection with the offering, the company may pay finders' fees in cash or securities, or a combination of both, as permitted by the policies of the TSX Venture Exchange and applicable securities laws. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day following the closing date of the offering in accordance with applicable Canadian securities laws and the policies of the exchange. The closing of the offering is subject to receipt of approval of the TSX Venture Exchange.
The issuance of the securities under the offering may constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, due to the expected participation by one or more insiders of the company in the offering. These transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to the exemptions provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as neither the fair market value of any securities issued to nor the consideration paid by such insiders would exceed 25 per cent of the company's market capitalization.
About Aben Gold Corp.
Aben Gold is a Canadian gold exploration company with exploration projects in Yukon and British Columbia. The company's flagship, the 7,400-hectare, 100-per-cent-owned Justin gold project is located in southeastern Yukon in the Tintina gold belt adjacent to Seabridge Gold's 3 Aces project.
The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favourable jurisdictions.
The company has 28.3 million shares outstanding.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.