Aben Minerals Ltd. announced a non brokered private placement to issue 12% 300 unsecured convertible debentures at an issue price of CAD 1,000 per debenture for the gross proceeds of CAD 300,000 on January 16, 2024. The Debentures bear a two-year maturity date with interest at a rate of 12.00% per annum, paid monthly in advance, payable in cash on the 1st of each month. The Private Placement is subject to final TSX Venture Exchange approval, and the Debentures are subject to a four-month-and-one-day hold period. Commencing one day after the closing until the close of business on the sixth day prior to the maturity date, the Debenture holders shall have the right to convert the Debentures into units at a price of CAD 0.10 per Unit. Each Unit will consist of one common share and one transferable Share purchase warrant with each Warrant being exercisable into one Share at a price of CAD 0.15 per Warrant Share for a period of three years following the issue date.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from four placees. The debentures will mature on January 26, 2026.