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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