Abacus announces $1,000,000 financing and proposed share consolidation

February 15, 2017

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 15, 2017) – Abacus Mining & Exploration Corporation (“Abacus” or the “Company”) (TSX VENTURE:AME) is pleased to announce a non-brokered private placement for proceeds of $1,000,000 through the issuance of 20,000,000 units (“Units”) at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (a “Unit Share”) and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable to purchase one common share of the Company at a price of $0.08 per common share for a period of 3 years from the date of closing of the financing.

Category: General