By Sheri Kasprzak
New York, Feb. 2 - Aberdene Mines Ltd. priced a $1.8 million private placement.
The non-brokered offering includes up to 4.5 million units at $0.40 apiece.
The units are composed of one share and one warrant. The warrants are exercisable at $0.50 each for two years.
Based in Las Vegas, Aberdene is a mineral exploration and development company.
| Issuer: | Aberdene Mines Ltd.
|
| Issue: | Units of one share and one warrant
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| Amount: | $1.8 million (maximum)
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| Units: | 4.5 million (maximum)
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| Price: | $0.40
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | $0.50
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| Placement agent: | Non-brokered
|
| Pricing date: | Feb. 2
|
| Stock symbol: | OTCBB: ABRM
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| Stock price: | $0.65 at close Feb. 1
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