Abbastar Closes Private Placement
December 02 2009 - 10:00AM
Marketwired Canada
Abbastar Resources Corp. (the "Company") (TSX VENTURE:ABA) is pleased to
announce that the non-brokered private placement announced on November 4, 2009
was closed today.
The Company has issued 1,000,332 common shares at a price of $0.30 per share for
gross proceeds of $300,100. The proceeds from the financing will be used for
exploration expenditures. The Company will pay a $9,975 referral fee to Research
Capital Corporation.
The shares are subject to a four-month hold period pursuant to applicable
securities laws and regulations. The hold period will expire on April 4, 2010.
Insider / Pro Group Participation:
Name Insider = I # of Shares
Pro Group = P
Barry Allan P 166,667
Scott Cathcart P 83,333
Aubrey Eveleigh I 83,333
John Eymann P 85,000
Matthew Skipp P 166,666
On behalf of the Board,
John B. Good, President & CEO
Abasca Resources (TSXV:ABA)
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