Abacus Mining Closes C$4.5 Million Private Placement with KGHM

Abacus Mining & Exploration Corporation (TSX VENTURE:AME) reported that the company has closed the private placement with KGHM POLSKA MIED? S.A. previously announced on May 4, 2010 for gross proceeds of CDN $4,500,000.

The press release is quoted as saying:

The proceeds of the Private Placement will be used to help fund exploration and ongoing project expenditures on Abacus’ Afton-Ajax copper-gold project, and for general corporate purposes.

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