19:34:34 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 116,876,049
Close 2018-03-14 C$ 0.23
Market Cap C$ 26,881,491
Recent Sedar Documents

Sable Resources arranges $600,000 private placement

2018-03-15 15:27 ET - News Release

Mr. Tom Obradovich reports

SABLE RESOURCES LTD. ANNOUNCES CAD $600 THOUSAND NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT

Sable Resources Ltd. intends to undertake a non-brokered private placement of two million common shares of the company issued on a CEE (Canadian exploration expenses) 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.

The placement is subject to the receipt of all necessary regulatory approvals, including the approval of the Toronto Venture Exchange. The flow-through shares will be subject to resale restrictions for a period of four months and one day from the closing date of the placement under applicable securities legislation. The placement is scheduled to close on or about March 27, 2018.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.