Perth, Australia, July 11, 2014 - (ABN Newswire) - ABM Resources NL (ASX:ABU) announces that Pacific Road Resources Fund II ("Pacific Road Capital") and ABM have finalised the Tranche 2 investment as approved by shareholders at the general meeting held on 27 June 2014.
The Company issued today 21,515,188 shares at 36 cents per share to Pacific Road Capital, increasing the cash position by a further $7,745,467.68.
About ABM Resources NL:
ABM Resources (ASX:ABU) is an exploration Company developing several gold discoveries in the Central Desert region of the Northern Territory of Australia. The Company has a multi-tiered approach to exploration and development with a combination of high-grade potentially short-term production scenarios such as the Old Pirate high-grade gold project, large scale discoveries such as Buccaneer, and regional exploration discoveries such as the Hyperion gold project.
In addition, ABM is committed to regional exploration programs throughout its extensive holdings including the alliance with Independence Group NL at the regional Lake Mackay Project, and the recently announced proposed divestment of the North Arunta projects to Clancy Exploration Ltd.
ABM Resources NL