Mr. Tom Obradovich reports
SABLE RESOURCES LTD SHARES FOR DEBT
Sable Resources Ltd. has completed its previously announced transaction with
Cangaroo Capital Corp. and Walter Canadian Coal Partnership to settle debts owing
by the company in the aggregate amount of $285,000 by issuing an aggregate of 1.9 million common
shares at an issue price of 15 cents per share. Terence Harbort is a principal of one
of the creditors and a director of Sable. All common shares issued pursuant to the loan settlement
are subject to a statutory hold period expiring on Sept. 25, 2017.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kilometres of mineral tenure and
mining leases, including the past-producing Baker and Shasta mines, and the 250-ton-per-day Baker
mill and tailings facility. The project is located in north-central British Columbia, Canada, and is road
accessible.
We seek Safe Harbor.
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