22:18:45 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 50,876,957
Close 2017-05-25 C$ 0.13
Market Cap C$ 6,614,004
Recent Sedar Documents

ORIGINAL: Sable Resources to issue 1.9 million shares for debt

2017-05-25 18:59 ET - News Release

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File: SAE PR 20170525.pdf

       NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
                DISSEMINATION IN THE UNITED STATES.

                                               NEWS RELEASE



Sable Resources Ltd   Shares for Debt

Vancouver, British Columbia, May 25, 2017 - Sable Resources Ltd. (NEX SAE.H) (the "Company"
or "Sable") is pleased to announce that it has completed its previously announced transaction with
Cangaroo Capital Corp. and Walter Canadian Coal Partnership (the "Creditors") to settle debts owing
by the Company in the aggregate amount of $285,000 by issuing an aggregate of 1,900,000 common
shares at an issue price of $0.15 per share (the "Loan Settlement"). Mr. 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 September 25, 2017.

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 located in north-central British Columbia, Canada and is road
accessible.

For more information:
Tom Obradovich, President & CEO
tobradovich@sympatico.ca
Tel (416) 985-7140
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
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Forward Looking Statements   Certain information set forth in this news release may contain forward-
looking statements that involve substantial known and unknown risks and uncertainties. These forward-
looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control
of Sable. Readers are cautioned that the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements.
 


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