10:23:49 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 116,876,049
Close 2018-03-26 C$ 0.26
Market Cap C$ 30,387,773
Recent Sedar Documents

Sable Resources closes $600,000 private placement

2018-03-27 10:55 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES LTD. CLOSES $600,000 PRIVATE PLACEMENT

Sable Resources Ltd. has closed its non-brokered private placement as previously announced on March 15, 2018, to raise gross proceeds of $600,000.

Pursuant to the offering, the company issued a total of two million common shares of the company issued on a CEE flow-through basis pursuant to the Income Tax Act (Canada) at a price of 30 cents per flow-through share for aggregate gross proceeds of up to $600,000.

The net proceeds of the placement will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures, as defined under the Income Tax Act (Canada), that will be renounced in favour of the purchasers with an effective date of no later than Dec. 31, 2018. The funds are intended to be used to explore the company's projects in located in British Columbia.

All of the FT shares issued in connection with the offering will be subject to a four-month hold in accordance with Canadian securities laws.

We seek Safe Harbor.

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