TSX VENTURE COMPANIES
ABEN RESOURCES LTD. ("ABN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 13, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with the following property option agreements whereby the Company may acquire a 100% interest in 18,400 hectares located in the Forrest Kerr Fault area, Stewart, British Columbia:
1. Option Agreement dated June 30, 2016 between the Company and Carl Von Einsiedel whereby the Company has been granted an option to acquire a 100% interest in the Forgold Tenure claims located in the Skeena Mining Division, British Columbia. Consideration is 1,000,000 common shares.
2. Option Agreement dated June 30, 2016 between the Company and Rimfire Metals Corporation, a wholly-owned subsidiary of Kiska Metals Corporation whereby the Company has been granted an option to acquire a 100% interest in the RDN claims located in the Skeena Mining Division, British Columbia. Consideration is 4,000,000 shares payable over a two year term and $1,000,000 in exploration expenses on or before the 4th anniversary.
3. Option Agreement dated June 30, 2016 between the Company and Equity Exploration Consultants Ltd. (Neil Perk, Darcy Baker and Katherine Hughes) whereby the Company has been granted an option to acquire a 100% interest in the Forrest claims located in the Skeena Mining Division, British Columbia. Consideration is 2,000,000 common shares payable over a two year period and a total of $500,000 in exploration expenses over a four year period.
The Forgold Agreement is subject to a 2% NSR to the Vendor with a buy-back option of 1% for the sum of $1,000,000.
The RDN Agreement is subject to a 1.33% NSR to the Vendor with no buy-back provision.
In connection with the Forrest claims, the Exchange has also accepted for filing an Agreement dated June 30, 2016 between Running Dog Resources Ltd. (Henry Awmack), Pamicon Developments Ltd. (Doug Fulcher and Kevin Milledge), Attunga Holdings Inc. (David Caulfield), Black Range Holdings Ltd. (Darcy Baker), collectively the "Underlying NSR Holders" and the Company whereby the Company has been granted an option to purchase 50% of their 2% NSR interest for $1,500,000 and 240,000 common shares. The Vendor (Equity Exploration) has granted the Company a buy-back option on the remaining 1% for the sum of $1,000,000.
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