Under the terms of the Agreement, Rackla may acquire a 100% interest in the Property by completing the following:
(a) paying
(b) within twelve (12) months following the closing date:
(i) paying
(ii) issuing 250,000 common shares in the capital of Rackla to the Company, and
(iii) incurring a total of
The Company shall retain a NSR of one-half percent (0.5%) on the Property. Rackla will assume the Company’s obligation to pay a 2.0% net smelter returns royalty (the “Existing Royalty”) to Sandstorm Gold Ltd. pursuant to the Net Smelter Returns Royalty Agreement between
About Aben Resources:
Aben Resources is a well-funded Canadian gold and graphite exploration company with exploration projects in
For further information on
“Jim Pettit”
______________________
President & CEO
For further information contact:
Telephone: 604-416-2978
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@abenresources.com
Neither
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information
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