Fri Jan 13, 2006 AMENDMENT TO NON BROKERED PRIVATE PLACEMENT
Consolidated Abaddon Resources Inc. (TSX.V: ABN) wishes to announce an amendment to its non-brokered private placement. The Company will now issue up to 3,000,000 Units at an offering price of $0.20 per Unit. Each Unit will consist of one Share and One Share Purchase Warrant entitling the holder to purchase an additional common share at a price of $0.23 for a period of two years. A 10% finder's fee payable in shares will be paid in connection with this private placement offering.
The Company intends to utilize the proceeds from the private placement for general working capital purposes and reserve for further land acquisitions.
Consolidated Abaddon Resources Inc. is a Canadian uranium and precious metal exploration company actively involved with the development of uranium properties in the ATHABASCA BASIN of northern Saskatchewan and the SIMS BASIN of northwestern Labrador. The Company is also developing a gold property in the RED LAKE MINING DISTRICT of northwestern Ontario.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com
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