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ABM Resources NL - Employee Share Scheme buy-back complete

July 29, 2014



ENP Newswire - 29 July 2014

Release date- 25072014 - ABM Resources NL advises that it finalized the buy-back of shares under the terms of the employee share scheme as advised on 11 July 2014.

The shares have been subsequently cancelled reducing the total number of shares on issue to 273,320,642.

The shares being bought back have been acquired from former employees of the Company. The proceeds of the buy-back were used to offset loans that were taken out by the former employees to acquire the shares. Accordingly, the buy-back did not have an effect on the net-cash position of the Company.

About ABM Resources

ABM 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 proposed divestment of the North Arunta Projects to Clancy Exploration Ltd.

Contact:

ABM Resources NL

Level 1, 141 Broadway

Nedlands, WA, 6009

Tel: +61 8 9423 9777

Fax: +61 8 9423 9733


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Source: ENP Newswire


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