Abasca Resources closes CAD 3 million non-brokered private placement

Reuters2026/07/31 11:04

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Abasca Resources closed a non-brokered private placement raising gross proceeds of CAD 3 million.
Issued 10,000,000 flow-through common shares at CAD 0.25, raising CAD 2.5 million for exploration at the Loki Flake Graphite Deposit.
Issued 2,500,000 non-flow-through common shares at CAD 0.2, raising CAD 500,000 for general and administrative spending.
All shares issued in the offering carry a hold period expiring Dec. 1, 2026.
Reported CAD 150,000 in additional Saskatchewan TMEI grant funding, lifting total support for Loki work to CAD 350,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Abasca Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202607310700ACCESSWRNAPR_____1199365) on July 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Abasca Resources closes CAD 3 million non-brokered private placement

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