TSX VENTURES COMPANIES
ABEN RESOURCES LTD. ("ABN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 6, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an option agreement between Aben Resources Ltd. ("Aben") and Eagle Plains Resources Ltd. ("Eagle Plains") dated December 9, 2016 (the "Agreement") pursuant to which Eagle Plains has granted to Aben the exclusive right to earn an undivided 80% interest in the Chico Gold Project, located 125 km east of La Ronge, Saskatchewan. Aben may earn an initial 60% interest by incurring $1,500,000 in exploration expenditures, issuing 1,500,000 common shares and making cash payments totalling $100,000 over 4 years. Upon earning this 60% interest in the Chico Gold Project, Aben may elect to exercise a second option to earn a further 20% interest by incurring an additional $2,000,000 in exploration expenditures, issuing 1,000,000 common shares, and making $50,000 cash payments within two years of the date of election.
For additional information please refer to Aben's news release dated December 13, 2016.
Insider / Pro Group Participation: Tim Termuende and Ronald Netolitzky are directors of Aben and Eagle Plains.
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