Announcement • May 02
Abasca Resources Inc. announced that it has received CAD 2.5 million in funding On May 1, 2026, Abasca Resources Inc. closed the transaction. Insiders of the Company, including certain directors and officers, participated in the Offering, including Brian McEwan, who subscribed for 60,000 FT Shares, and John Shmyr, subscribed for 20,000 FT Shares. In addition, 9169601 Canada Inc. ("9169601"), a corporation 100% of the common shares (including joint ownership) and 100% of the preferred shares are held by Dawn Zhou, subscribed for 3,810,000 FT Shares. Canada DBD Management Inc. ("Canada DBD"), a corporation the shares of which are solely owned by Zhou, subscribed for 3,800,000 FT Shares. All Common Shares issued and sold under the Private Placement are subject to a hold period expiring on August 31, 2026 Announcement • Apr 15
Abasca Resources Inc. announced that it expects to receive CAD 2.5 million in funding Abasca Resources Inc. announced a non-brokered private placement to issue 9,000,000 flow-through shares at an issue price of CAD 0.25 per FT share for gross proceeds of CAD 2,250,000 and 1,250,000 non-flow shares at a issue price of CAD 0.20 for gross proceeds of CAD 250,000 for total aggregate gross proceeds of CAD 2,500,000 on April 14, 2026. In connection with the private placement, the company may pay cash finder’s fees equal up to 6% of the gross proceeds raised from investors introduced to the company by finders. All securities issued and sold under the Private Placement will be subject to a hold period expiring four months and one day from the date of closing of the private placement. Closing of the private placement is subject to the Company’s receipt of TSX Venture Exchange approval. Insiders of the Company, including directors and officers, may participate in the private placement. New Risk • Mar 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 6.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.62m). 
