FOR IMMEDIATEW RELEASE Sable Resources Ltd – Private Placement Closing
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd – Private Placement Closing
Vancouver, British Columbia, November 28, 2016 - Sa ble Resources Ltd. (TSX-NEX SAE.H) (the “Company” “ Sable”)
wishes to announce it has closed the private placem ent financing previously announced on October 20, 2 016 raising CAD$
749,997.53 (the “Offering”) by issuing 9,999,967 units at a pr ice of CAD$0.075 per unit. Each unit consists of o ne
common share and one half of one warrant exercisabl e for a period of one year at a price of $0.10 per share. All shares
issued have a hold period expiring March 25, 2017.
The proceeds of the Offering will be used for debt settlement and for general working capital.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 6 6 square kilometers of mineral tenure and mining le ases, including the
past producing Baker and Shasta mines, and the 250 ton-per-day Baker mill and tailings facility. The p roject is located in
north-central British Columbia, Canada and is road accessible.
We seek safe harbor
For more information:
Melvyn Rahal, President & CEO
Tel (604) 986-8566
Or visit http://www.sableresources.com
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy o r accuracy of this release.