Vancouver, BC – Aben Resources Ltd. (TSX-V: ABN) (OTC PK: ABNAF) (Frankfurt: E2L) (the “Company”) announces that, after consultation with the TSX Venture Exchange, it will be re-pricing the previously announced private placement (see news release March 4th) of 12 million units at a price of $0.05 per unit. The units will now be priced at $0.06 per unit to raise gross proceeds of up to $720,000. Each unit consists of one common share and one non transferable share purchase warrant with each warrant exercisable for a period of two years at a price of $0.075 per share.
The Company may pay up to a 7% finder’s fee payable in cash or units in connection with the private placement offering.
The Company intends to utilize the proceeds of this private placement for general working capital purposes and for property investigation.
About Aben Resources:
Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan’s Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Toll Free: 800-567-8181
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.