en.Wedoany.com Reported - Aben Gold Corp. announced that it has received the second payment under the option agreement with Kingfisher Metals Corp., consisting of C$150,000 in cash and 400,000 Kingfisher shares. The transaction was completed on December 23, 2025, and the second payment was received on June 23, 2026. All securities issued are subject to a four-month-and-one-day hold period in accordance with applicable Canadian securities laws.
The option agreement was signed on December 4, 2025, granting Kingfisher a three-year option to acquire a 100% interest in the Forrest Kerr Project, located in the Golden Triangle region of British Columbia, Canada. The property comprises 50 mineral claims covering approximately 20,197 hectares.
Under the agreement, Kingfisher can earn a 100% interest in the mineral claims over three years by fulfilling total cash and share issuance commitments of C$2.7 million. The payment schedule is as follows: C$150,000 in cash and shares valued at C$500,000 on the closing date; C$150,000 in cash and shares valued at C$500,000 within six months of the closing date; C$200,000 in cash and shares valued at C$500,000 within 12 months of the closing date; and C$700,000 in cash within 36 months of the closing date. The share issuance price is determined by the higher of the five-day volume-weighted average price or the last closing price of the optionee's shares on the TSXV, less the maximum allowable discount of 25% under TSXV policies at the time of the agreement announcement.
During the option period, Kingfisher will serve as the operator of the project.
Milosz Mielniczuk (B.Sc., P.Geo.), Vice President of Exploration at Aben Gold, has reviewed and approved the technical content of this news release, which is defined as a qualified person under National Instrument 43-101 standards.
Aben Gold Corp. is a Canadian gold and tungsten exploration company with exploration projects in the Yukon Territory and British Columbia. The company's flagship project is the 100%-owned Justin Gold Tungsten Project, covering 7,400 hectares, located in southeastern Yukon Territory adjacent to Seabridge Gold's 3 Aces project, within the Tombstone Gold-Tungsten Belt and the broader Tintina Gold Province. The company's objective is to create shareholder value through new discoveries and development in exploration projects located in favorable geopolitical jurisdictions. The company currently has 28.3 million shares outstanding and C$3.6 million in treasury.
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