FOR IMMEDIATEW RELEASE Sable Resources Ltd – Announces CAD $250 thousand non-brokered flow through private placement
PRESS RELEASE
FOR IMMEDIATEW RELEASE
Sable Resources Ltd – Announces CAD $250 thousand non-brokered flow through private
placement
Vancouver, British Columbia, December 16, 2016 - Sable Resourc es Ltd. ("Sable" or the "Company")
(TSX-NEX: SAE.V) announces that it intends to undertake a non-b rokered private placement of
1,666,666 flow-through common shares (the “FT Shares”) of the Com pany at a price of CAD $0.15
per FT Share (the “FT Share Price”) for aggregate gross proceeds of CAD $249,990.90 (the
“Placement”).
The net proceeds of the Placement will be used to incur eligibl e Canadian Exploration Expenses and
flow-through mining expenditures, as defined under the Income Tax Act (Canada), that will be
renounced in favour of the purchasers with an effective date of no later than December 31, 2016. The
funds are intended to be used to explore the Company’s Toodoggone property located in British
Columbia.
The Placement is subject to the receipt of all necessary regulat ory approvals, including the approval of
the NEX board of the Toronto Venture Exchange. The FT Shares will b e subject to resale restrictions
for a period of four months and one day from the closing date of the P lacement under applicable
securities legislation. The Placement is scheduled to close on or about December 30, 2016.
The FT Shares will not be registered under the U.S. Securities Ac t of 1933 (the “1933 Act”), as
amended, or any applicable state securities laws, and may not be offered or sold to, or for the account
or benefit of, persons in the United States or “U.S. persons,” a s such term is defined in Regulation S
regulated under the 1933 Act, absent registration or an applic able exemption from the registration
requirements. This press release does not constitute an offer of s ecurities for sale in the United States
or to U.S. persons.
About Sable Resources Ltd.
Sable owns the Toodoggone gold project comprising 66 square kil ometers 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-cen tral British Columbia, Canada and is road
accessible.
We seek safe harbor
For more information:
Tom Obradovich, President & CEO
Tel (416) 985-7140
Or visit http://www.sableresources.com
Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibili ty for the adequacy or accuracy of this
release.