05:17:48 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 91,764,939
Close 2018-01-29 C$ 0.15
Market Cap C$ 13,764,741
Recent Sedar Documents

Sable Resources completes BlueJoint, WCG acquisitions

2018-01-29 16:44 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES LTD. ANNOUNCES COMPLETION OF ACQUISITIONS OF BLUEJOINT RESOURCES INC. AND WESTERN CANADA GREENFIELDS GROUP INC.

Sable Resources Ltd. has completed its previously announced acquisitions of BlueJoint Resources Inc. and Western Canada Greenfields Group Inc. (WCG). Each of BlueJoint and WCG are private companies engaged in mineral exploration activities. The acquisitions remain subject to the final approval of the TSX Venture Exchange.

Each of the acquisitions was structured in the form of a three-cornered amalgamation, pursuant to which each of BlueJoint and WCG amalgamated with a wholly owned subsidiary of Sable, and all of the issued and outstanding common shares of BlueJoint and WCG were acquired by Sable from the existing holders thereof in consideration of the issuance of approximately 0.648 of one common share of Sable for each BlueJoint share so held and approximately 0.139 of one Sable share for each WCG share so held, resulting in the issuance of 25,111,110 Sable shares in the aggregate.

In connection with the closing of the acquisitions, each of Dr. Ruben Padilla and Dr. Terry Harbort have been appointed as geoscience consultants to Sable to assist in guiding a financially and technically disciplined exploration strategy.

For further details of the acquisitions, please refer to the press release of Sable dated Nov. 2, 2017, available on SEDAR.

We seek Safe Harbor.

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