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0.00168067226890753 0.00168067226890753 0.00168067226890753 0.00168067226890753 0.00399159663865541 0.00364285714285716 0.00443697478991593 -0.00462184873949577
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Abacus Announces Financing [Yahoo! Finance]

Adams Natural Resources Fund, Inc. (PEO) 
Company Research Source: Yahoo! Finance
pleased to announce a non-brokered private placement (“ Offering ”) for proceeds of up to $400,000 through the issuance of up to 20,000,000 units (“ Units ”) at a price of $0.02 per Unit. Each Unit will consist of one common share of the Company and one half of one non-transferable common share purchase warrant, with each warrant exercisable to purchase one common share of the Company at a price of $0.05 per common share for a period of 3 years from the date of closing of the Offering. Proceeds from the Offering will be applied towards exploration and for general working capital, and payment of US$80,000 in respect of a property payment to the owners of the Nev-Lorraine property. The Company recently acquired the Willow copper-molybdenum property, and it holds a lease on the adjacent Nev-Lorraine copper-molybdenum property near Yerington, Nevada, as well as a 20% interest carried to production in the advanced Ajax copper-gold development project in B.C. Investors are referred to Show less Read more
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