Sable Resources Announces Non Brokered Offering
April 05 2019 - 8:00AM
PR Newswire (Canada)
TORONTO, April 5, 2019 /CNW/ - Sable Resources (TSX.V:
SAE) (the "Company" or "Sable") is pleased to announce a
non-brokered offering of a maximum 10 million units priced at
$0.15 consisting of one common share
and one half of one common share purchase warrant. Each full
purchase warrant will entitle the holder to acquire one additional
common share of the company at an exercise price of $0.25 for a period of two years. The financing
will close on or about April 16th
2019. The Company may pay a finders fee to certain qualified
registrants assisting in the Offering in an amount to be
determined. Funds will be used to complete phase two drilling and
engineering on the Margarita Project in Mexico, complete geological mapping on the Don
Julio Project in Argentina and for
general corporate purposes.
ABOUT 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.
We seek safe harbor
SOURCE Sable Resources Ltd.
Copyright 2019 Canada NewsWire
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