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Sable Resources Ltd. Announces Closing of Private Placement
Sable Resources Ltd. Announces Closing of Private Placement Canada NewsWire TORO...
About this update from Sable Resources Ltd.
[{"type":"text","content":"\n\n\n\nSable Resources Ltd. Announces Closing of Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 15, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n \n \n\n \nTORONTO, May 15, 2019 Sable Resources Ltd. (TSXV: SAE) (the \"Company\" or \"Sable\") is pleased to announce that it has closed the first tranche of a non-brokered private placement (the \"Offering\") pursuant to which it has issued 5,753,333 units (\"Units\") at a price of $0.15 per Unit to raise aggregate gross proceeds of approximately $863,000.  Each Unit consists of one common share of the Company and one-half of one share purchase warrant (each whole such share purchase warrant, a \"Warrant\").  Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until the date which is two years from the closing date of the Offering.  \nThe Offering remains subject to the final approval of the TSX Venture Exchange.  All securities issued and issuable in connection with the Offering are subject to a statutory hold period expiring on September 15, 2019.\nABOUT SABLE RESOURCES LTD. Sable is a well-funded junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favorable, established mining jurisdictions. Sables' main focus is developing their large portfolio of new greenfields projects to resource stage utilizing their Upper Level Epithermal Strategy. Sable is actively exploring the San Juan Regional Program (35,000ha) incorporating the Don Julio Project in San Juan Province, Argentina, the Mexico Regional Program (1.5Mha), incorporating the Margarita, Vinata and El Escarpe drill ready projects and the BC Intrusion Related Program, Canada (13,600ha) incorporating the drill ready Tulox Project.\nForward-Looking Statements\nThis news release contains certain forward-looking information and statements within the meaning of appl...