FOR IMMEDIATEW RELEASE Sable Resources Ltd – $750,000 Private placement
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd – $750,000 Private placement
Vancouver, British Columbia, October 20, 2016 - Sable Resources Ltd. (TSX-NEX
SAE.H) (the “Company” “Sable”) is pleased to announce a non-brokered private
placement financing of CAD $750,000 (the “Offering”) by issuing 10,000,000 units at a
price of $0.075 per unit. Each unit will consist of one common share and one-half of one
non-transferable share purchase warrant. Each warrant will entitle the investor to
purchase one additional common share with a term of one (1) year at an exercise price of
$0.10.
No commissions or fees are payable in connection with this financing. The net proceeds
of this Offering will be used for debt settlement and for general working capital
requirements.
The financing is subject to the acceptance of the NEX board of the TSX Venture
Exchange. The securities issued by the Company in connection with this financing are
subject to a 4-month "hold period" from the date of distribution, as prescribed by the
policies of the TSX Venture Exchange and applicable securities laws
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:
Melvyn Rahal, President & CEO
Tel (604) 986-8566
Or visit http://www.sableresources.com
Neither NEX Board, 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.