17:15:49 EDT Sun 20 Oct 2019
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Abigail Capital closes financing, grants options

2019-10-09 17:56 ET - News Release

Mr. Ian Slater reports

ABIGAIL CAPITAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT & GRANT OF STOCK OPTIONS

Abigail Capital Corp. has closed the non-brokered private placement of 3.6 million common shares at a price of 10 cents per share for gross proceeds of $360,000, previously announced on Sept. 23, 2019.

The net proceeds from the private placement will be used for working capital purposes and for the identification and evaluation of a qualifying transaction.

All common shares sold under the private placement are subject to a statutory hold period expiring Feb. 10, 2020.

Additionally, the company has granted 550,000 stock options to its directors at a price of 10 cents per share, expiring on Aug. 30, 2024.

We seek Safe Harbor.

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