TORONTO, ONTARIO — (Marketwire) — 08/12/11 — Wabi Exploration Inc. („Wabi“) (CNSX: WAB) is pleased to announce that its common shares commenced trading on the Canadian National Stock Exchange effective Thursday, August 11, 2011. The common shares trade under the symbol „WAB“.
Wabi also raised $65,000 in connection with the listing by way of a convertible promissory note. The promissory note bears interest at 1% per annum calculated annually. The holder also has the right, at its option, at any time prior to repayment, to convert the whole or any part of the indebtedness owing under the promissory note into fully paid and non-assessable common shares of Wabi at a conversion price of $0.05 per share.
Wabi is a junior mining exploration and development company engaged in the acquisition, exploration and development of mineral prospects in Canada. Line cutting and ground geophysics have commenced on Wabi-s 100% owned gold-base metal Elbow Lake Property located roughly 60 kilometres east of the mining community of Flin Flon, Manitoba.
Contacts: Wabi Exploration Inc. Galen McNamara President and CEO (647) 463-0962
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