09:02:18 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Sable Resources Ltd (2)
Symbol SAE
Shares Issued 116,876,049
Close 2018-03-26 C$ 0.26
Market Cap C$ 30,387,773
Recent Sedar Documents

ORIGINAL: Sable Resources closes $600,000 private placement

2018-03-27 10:55 ET - News Release

Received by email:

File: SAE PR 20180327.pdf

                                                                           PRESS RELEASE
                                                                   FOR IMMEDIATE RELEASE

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


                 Sable Resources Ltd. Closes $600,000 Private Placement
March 27, 2018 (Vancouver, BC)   Sable Resources Ltd. (TSXV:SAE) ("Sable" or the "Company")
is pleased to announce that it has closed its non-brokered private placement as previously announced
on March 15, 2018 to raise gross proceeds of $600,000 (the "Offering").
 Pursuant to the Offering, the Company issued a total of 2,000,000 common shares of the Company
issued on a "CEE flow-through" basis pursuant to the Income Tax Act (Canada) ("Flow-Through
Shares" or "FT Shares") at a price of $0.30 per Flow-Through Share for aggregate gross proceeds of
up to CAD $600,000 (the "Placement").
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 December 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. Securities of the Company sold in the Offering in the
United States or to, or for the benefit of, U.S. persons constitute "restricted securities" under U.S.
securities laws and, accordingly, are also subject to additional resale restrictions.
This news release does not constitute an offer of securities for sale in the United States. The securities
being offered (including all underlying securities thereof) have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, or any state securities laws, and such
securities may not be offered or sold within the United States, or to, or for the account or benefit of,
U.S. persons, absent U.S. registration or an applicable exemption from U.S. registration requirements.
For more information:
Tom Obradovich, President & Chief Executive Officer
tobradovich@sympatico.ca
Tel (416) 985-7140
Or visit http://www.sableresources.com


Cautionary Statement on Forward-Looking Information


No stock exchange, securities commission or other regulatory authority has approved or disapproved
the information contained herein. This news release contains forward-looking information within the
meaning of applicable securities legislation. Forward-looking information is typically identified by
words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are
those, which, by their nature, refer to future events. Such statements include, without limitation,
statements regarding the future results of operations, performance and achievements of the
Company, receipt of all necessary regulatory approvals required in connection with the Upsized
Offering, closing date of the Upsized Offering, completion of the Upsized Offering, use of proceeds,
exercise of the Agent's option and advancement of the Company's properties. Although the Company
 believes that such statements are reasonable, it can give no assurances that such expectations will
prove to be correct. All such forward-looking information is based on certain assumptions and
analyses made by the Company's management in light of their experience and perception of historical
trends, current conditions and expected future developments, as well as other factors management
believes are appropriate in the circumstances. Important factors that could cause actual results to
differ from this forward-looking information include that fact that mineral exploration involves a high
degree of risk and is highly speculative in nature, few properties that are explored are ultimately
developed into producing mines, geological factors, the actual results and timing of current and
proposed future exploration programs, changes in project parameters as plans continue to be
evaluated, as well as those factors described under the heading "Risk Factors" in the Company's
most recently filed management's discussion and analysis. The Company undertakes no obligation
to update or reissue forward-looking information as a result of new information or events, except as
required by applicable securities laws. Readers are cautioned not to place undue reliance on forward-
looking information.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and/or accuracy
of this release.

This news release does not constitute an offer to purchase securities. The securities offered in the
Upsized Offering have not been and will not be registered under the United States Securities Act of
1933, as amended, or any state securities laws and may not be offered or sold in the United States
or to, or for the benefit or account of, a U.S. person, except pursuant to an available exemption from
such registration requirements.
 


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