RE: News - What the ...This was the PP:
Consolidated Abaddon Resources Inc. announces it has arranged a non-brokered
private placement of up to 1,250,000 units at a price of $0.50 per unit. Each unit
consists of one share and one non-transferable share purchase warrant. Each
warrant entitles the holder thereof to purchase an addition common share of the
Company at a price of $0.63 for a period of two years.
If applicable, the Company will pay a finder’s fee in cash or units equal to 5% of
the private placement offering. The finder’s units will be on the same terms as
the subscriber’s units.
The Private Placement is subject to TSX Venture Exchange acceptance. The
Company intends to utilize the proceeds from the Private Placement for general
working capital purposes.