Sable Resources Announces Non Brokered Offering
Sable Resources Announces Non Brokered
Offering
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.
View original content:
http://www.newswire.ca/en/releases/archive/April2019/05/c7161.html
%SEDAR: 00008665E
For further information:
Tom Obradovich, President & CEO, [email protected], Tel (416)
985-7140, Or visit sableresources.com
CO: Sable Resources Ltd.
CNW 08:00e 05-APR-19