Tue Nov 9, 2010 Non-Brokered Private Placement Announced
Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces it has arranged a non-brokered private placement of up to 5,000,000 flow-though units at a price of $0.10 per unit to raise gross proceeds of up to $500,000. Each flow-through unit consists of one flow-through common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one flow-through common share for a period of three years at a price of $0.12 per share.
Consolidated Abaddon intends to utilize the proceeds of this private placement towards the development of the Company's mineral properties.
The private placement is subject to the acceptance of the TSX Venture Exchange.
For further information on Consolidated Abaddon Resources Inc. (TSX-V: ABN), visit our Company's web site at www.consolidatedabaddon.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"James G. Pettit"
JAMES G. PETTIT
For further information contact myself or:
Consolidated Abaddon Resources Inc.
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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