Abacus Mining and Exploration Corp. (the "Company") announces it has agreed to settle up to $125,000 of outstanding debt by the issuance of up to 694,444 units at a price of $0.18 per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to acquire one common share exercisable for a period of two years from the date of closing at a price of $0.24 per share.
The foregoing is subject to regulatory acceptance.
On Behalf of the Board,
ABACUS MINING AND EXPLORATION CORPORATION
The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.
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