tough sell so they are throwing in some warrants:

 

VANCOUVER, BRITISH COLUMBIA--(Marketwire -08/03/12)- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Abzu Gold Ltd. ("Abzu" or the "Company") (ABS.V)(ABZUF) has revised the terms of its non-brokered private placement financing announced July 17, 2012.

Each unit shall consist of one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"). Each Warrant shall be exercisable into a Share for a period of 12 months from closing at an exercise price of
.20.

All other terms of the financing will remain the same as previously announced.

Closing of the financing is anticipated to occur on or about August 9, 2012 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The securities issued will be subject to a standard four month hold period.

On behalf of the board of directors of Abzu Gold Ltd.

Tim McCutcheon

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Contact:

Abzu Gold Ltd.
Tim McCutcheon
Chief Executive Officer
604-638-3288