Abacus Mining & Exploration Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 24, 2015) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to provide an overview of the 2015 work program as approved by the Board of KGHM Ajax Mining Inc. (the "Board") on the feasibility stage Ajax copper-gold project located near Kamloops, BC. The Ajax project is 100% owned by KGHM Ajax Mining Inc. (KGHM-Ajax), a joint [...]

Abacus Mining & Exploration announces that the Board of Directors have approved the issuance of 1,540,000 stock options to directors, employees, officers and consultants of the Company. The stock options, provided under the Company's approved stock option plan and resulting from an annual compensation review, are exercisable at a price of $0.05 per share for a period of five years from the date of grant. To date, total [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 12, 2015) - Abacus Mining & Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) is pleased to provide a review of the 2014 program completed on the feasibility stage Ajax copper-gold project located near Kamloops, B.C. The Ajax project is 100% owned by KGHM Ajax Mining Inc. (KGHM-Ajax), a joint venture between Abacus (20% ownership), and KGHM Polska Miedz [...]

Abacus Mining & Exploration announces that the discussions regarding its proposed acquisition of Burnstone Ventures have been terminated. Despite extensive discussions to-date, the parties have been unable to reach agreement on suitable terms for a transaction in a definitive arrangement agreement, as contemplated by the previously executed letter agreement; and accordingly, further discussions have been terminated.

Abacus Mining & Exploration is pleased to announce that it has entered into a binding letter agreement with Burnstone Ventures pursuant to which Abacus will acquire, in consideration of Abacus common shares, all of the outstanding securities of Burnstone by way of a statutory court-approved plan of arrangement. Upon closing of the Arrangement, Burnstone will become a wholly-owned subsidiary of Abacus. Burnstone's [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 4, 2014) - Abacus Mining & Exploration Corporation (TSX VENTURE:AME) (the "Company") announces that, following receipt of approval from the TSX Venture Exchange for the previously announced shares for debt transaction, the Company has now issued 400,000 common shares to Ian MacNeily, former Executive Vice President and Chief Financial Officer of the Company, at a deemed [...]

Update on Permitting Progress and 2014 Work Programme VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2014) - Abacus Mining and Exploration Corporation ("Abacus" or the "Company") (TSX VENTURE:AME) announces that KGHM International Ltd., a wholly owned subsidiary of its joint venture partner and operator of the Ajax Project near Kamloops, B.C. has made modifications to the site plan wherein several of the proposed [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 25, 2014) - Abacus Mining and Exploration Corporation (TSX VENTURE:AME) ("Abacus" or the "Company") announces that it has agreed, subject to the approval of the TSX Venture Exchange, to issue 400,000 common shares of Abacus (the "Shares") to Ian M. MacNeily, former Executive Vice President and Chief Financial Officer of the Company, as consideration for certain services [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 3, 2014) - Abacus Mining and Exploration Corporation (TSX VENTURE:AME) ("Abacus" or the "Company") announces that effective February 1, 2014, the following management and board of director changes have been made. Mr. James Excell has resigned as President, CEO and a director of Abacus effective immediately, in order to pursue other business opportunities. Mr. Thomas McKeever [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 9, 2013) - The board of directors of Abacus Mining & Exploration Corporation (TSX VENTURE:AME) ("Abacus") has granted 2,700,000 stock options to employees, directors and officers of Abacus. In considering the stock option grants, the board of directors took into account the 50% reductions in individual director fees (effective July 1, 2013) and officers salaries (effective [...]