Wed Jun 4, 2008 Gold Reach Resources to Acquire Abaddon's Interest in Seel Property
Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) announces that Gold Reach Resources Ltd. (TSX-V: GRH) will acquire Abaddon's 10% interest in the Seel property located 120 kilometres south of Houston, BC by issuing 1,000,000 Gold Reach Resources' shares to Consolidated Abaddon. This would bring Gold Reach's total interest in the Seel property to 100%. This transaction is subject to the acceptance by the TSX Venture Exchange.
About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian uranium exploration company actively involved with the development of uranium properties in the Athabasca Basin of northern Saskatchewan and the Algoma District of northwestern Ontario. The Company is also developing a uranium property east of Moab, Utah. Property partners include Gold Reach Resources, Denison Mines Corp., Triex Minerals Corp., and Utah Uranium Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
____________________________
JAMES G. PETTIT
President
For further information contact myself or:
Don Myers
Consolidated Abaddon Resources Inc.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@consolidatedabaddon.com
THE TSX VENTURE EXCHANGE AND FRANKFURT STOCK EXCHNAGE HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
You can view the Next News Releases item: Tue Jul 15, 2008, Consolidated Abaddon Begins Exploration Program on Pukaskwa Uranium Claims in NW Ontario
You can view the Previous News Releases item: Mon May 26, 2008, Gold Reach Resources Drills 100m of 0.497% Cu AND 0.43 G/T Au at Seel
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