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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