FOR IMMEDIATEW RELEASE Sable Resources Ltd – Closes private placement
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd – Closes private placement
Vancouver, British Columbia, January 3, 2017 - Sable Resources Ltd. (TSX-NEX SAE.H) (the
“Company” “Sable”) wishes to announce it has closed the private placement financing previously
announced on December 16, 2016 raising CAD$ 244,200.00 (the “Offering”) by issuing 1,628,000
common shares at a price of CAD$0.15 per share. All shares issued have a hold period expiring May
1, 2017. Of the offering, CAD$ 120,000.00 was raised by the issuance of 800,000 non-flowthrough
common shares, and CAD$ 124,200.00 was raised by the issuance of 828,000 flow-through common
shares.
Proceeds from the flow-through portion of the Offering will be used for settlement of expenses that
qualifies as Canadian exploration expense (as defined in the Income Tax Act (Canada)) on the
Company's Canadian properties, and will renounce such expenditures that do so qualify to purchasers
of the flow-through shares. Proceeds of from the non-flow through portion of the Offering will be
used for settlement of debt and 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 located in north-central British Columbia, Canada and is road
accessible.
We seek safe harbor
For more information:
Tom Obradovich, President & CEO
Tel (614) 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.