24/01/24 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2024-0258
ABEN MINERALS LTD. ("ABM")
BULLETIN TYPE: Private Placement-Non-Brokered, Convertible Debenture/s
BULLETIN DATE: January 24, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 16, 2024:
Convertible Debenture $300,000
Conversion Price: Convertible into units consisting of 3,000,000 common shares and 3,000,000 common share purchase warrants at $0.10 of principal outstanding for two years
Maturity date: Two years from the date of issuance
Warrants Each warrant will have a term of three years from the date of issuance and entitle the holder to purchase one common share. The warrants are exercisable at the price of $0.15 for a period of three years.
Interest rate: 12% per annum
Number of Placees: 4 placees
Insider / Pro Group Participation: N/A
Finder's Fee: N/A
The Company issued a news release on January 16, 2024 confirming the closing of the private placement. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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