Vancouver, BC - Aben Resources Ltd. (TSX-V: ABN) (OTC PK: ABNAF) (Frankfurt: E2L) (the "Company") is pleased to announce that further to its news release dated February 21, 2014, the share consolidation is now effective as of today, March 3, 2014. At the Company's Annual and Special General Meeting held on February 20, 2014, shareholders approved a special resolution consolidating the Company's share capital on the basis of one (1) new share for each ten (10) old shares. The issued capital of the Company was 132,359,846 pre-consolidation and is currently 13,235,984 less fractions where applicable, after the consolidation.
This transaction received approval from the TSX Venture Exchange on February 28, 2014. There is no name change in conjunction with the share consolidation.
Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its ongoing business activities including the acquisition of mineral properties and exploration and development of its properties.
The new ISIN issuance number is: CA00289T2074
The new CUSIP number is: 00289T207
About Aben Resources:
Aben Resources is a Canadian uranium and gold exploration company with projects in Saskatchewan's Athabasca Basin, Yukon, and NWT. Aben holds an interest in approximately 40,000 acres of highly prospective ground within the eastern flank of the Athabasca Basin in northern Saskatchewan including a 40% interest in the Mann Lake uranium project located 25 kilometres to the SSW of the McArthur River Uranium Mine.
For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company's web site at www.abenresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Aben Resources Ltd.
Toll Free: 800-567-8181