Aben Gold Closes Private Placement Financing

Core Viewpoint - Aben Gold Corp. has successfully closed a non-brokered private placement financing, raising a total of CAD $400,000 to support exploration and working capital needs [1][4]. Financing Details - The company issued 5,000,000 units at a price of CAD $0.08 per unit, with each unit consisting of one common share and one warrant [2]. - Each warrant allows the holder to purchase one common share at CAD $0.12 for a period of two years [2]. Insider Participation - Management and Board members, as insiders, subscribed for a total of 550,000 units, generating gross proceeds of CAD $44,000 [3]. - This insider transaction is classified as a related party transaction and is subject to Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the participation not exceeding 25% of the company's market capitalization [3]. Use of Proceeds - The proceeds from the private placement will be allocated towards exploration expenditures and general working capital [4]. Company Overview - Aben Gold Corp. is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia, including the 7,400-hectare Justin Gold Project [6]. - The company's objective is to enhance shareholder value through new discoveries and the development of exploration projects in geopolitically favorable regions [6]. Share Information - The company has a total of 28.2 million shares outstanding [7].