Wed Dec 23, 2009 Non-Brokered Private Placement Announced
Vancouver, BC - Consolidated Abaddon Resources Inc. (TSX-V: ABN) (FWB: E2L) (the "Company") announces it has arranged a non-brokered private placement of up to 4,000,000 units at a price of $0.05 per unit to raise gross proceeds of up to $200,000. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of two years at a price of $0.10 per share.
The Company may pay up to a 7.5% finder's fee, payable in cash or units, in connection with part of this private placement offering.
The Company intends to utilize the proceeds of this private placement for general working capital purposes.
About Consolidated Abaddon Resources Inc.:
Consolidated Abaddon Resources Inc. is a Canadian exploration company actively involved with the development of rare earth, lithium and uranium properties in northwestern Ontario and in the Athabasca Basin of northern Saskatchewan.
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
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