Received by email:
File: SAE Nov 28-2016 nr.pdf
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd Private Placement Closing
Vancouver, British Columbia, November 28, 2016 - Sable Resources Ltd. (TSX-NEX SAE.H) (the "Company" "Sable")
wishes to announce it has closed the private placement financing previously announced on October 20, 2016 raising CAD$
749,997.53 (the "Offering") by issuing 9,999,967 units at a price of CAD$0.075 per unit. Each unit consists of one
common share and one half of one warrant exercisable for a period of one year at a price of $0.10 per share. All share
--->s
issued have a hold period expiring March 25, 2017.
The proceeds of the Offering will be used for debt settlement and for general working capital.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kilometers 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 locate
--->d in
north-central British Columbia, Canada and is road accessible.
We seek safe harbor
For more information:
Melvyn Rahal, President & CEO
mmr@sableresources.com
Tel (604) 986-8566
Or visit http://www.sableresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure
Exchange) accepts responsibility for the adequacy or accuracy of this release.
© 2024 Canjex Publishing Ltd. All rights reserved.