Abasca Resources Announces Non-Brokered Flow-Through Private Placement of up to $1.25 Million and Carries Out Summer Drill Program at the Key Lake South Uranium Project

SASKATOON, SASKATCHEWAN / ACCESSWIRE / July 13, 2023 / Saskatoon, Saskatchewan: Abasca Resources Inc. ("Abasca" or the "Company") (TSXV:ABA) is pleased to announce a non-brokered private placement of up to 5,000,000 flow-through units of the Company (the "FT Units") at a price of $0.25 per FT Unit for gross proceeds to the Company of up to $1,250,000 (the "Offering").

Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share (each, a "Warrant Share") at a price of $0.30 for a period of 24 months following the closing date of the Offering.

The gross proceeds received from the sale of the FT Units will […]

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