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VAL-D'OR, QC, Aug. 23, 2017 /CNW Telbec/ - ABE Resources
Inc. (TSXV: ABE) (the "Company" or "ABE") is pleased to
announce that it is taking steps to seek to list for trading on the
TSX Venture Exchange (the "TSXV") the common share purchase
warrants issued under the Company's private placement of units
completed on May 11, 2017 (the
"Warrants"). In order to complete the listing transaction
(the "Listing"), the certificates representing the existing
Warrants will need to be exchanged for common share purchase
warrants issued under a warrant indenture to be entered into
between Computershare Trust Company of Canada, as warrant agent, and the Company (the
"Listed Warrants").
The Company will be forwarding documentation to the Warrant
holders in the coming days with instructions on how to exchange the
Warrants for Listed Warrants.
The Listing remains subject to the approval of the TSXV and a
number of conditions, including the requirement that a minimum of
75 Warrant holders participate in the transaction and exchange
their Warrants for Listed Warrants.
The Warrants remain subject to a hold period of four months and
one day from the date of their issuance, which expires on
September 12, 2017. In the event that
the Listing is approved by the TSXV and a minimum of 75 Warrant
holders submit the required documentation by September 4, 2017, the Corporation anticipates
that the Listing will be effective on the TSXV as of September 12, 2017 (or as soon as possible
thereafter).
About ABE Resources Inc.
ABE Resources Inc. is a Quebec
mineral exploration company focused on the discovery and
development of mineral deposits of economic potential primarily in
the province of Quebec. For
further information on the Company, please visit our website at
www.aberesources.ca or contact us at info@aberesources.ca.
The TSX Venture Exchange Inc. has in no way passed upon the
merits of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain "forward-looking statements" under
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to the ability of ABE to obtain all required approvals and consents
and to complete the Listing. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking statements. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. ABE disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
SOURCE ABE Resources Inc.