Sable Resources Ltd. Announces Completion of Acquisitions of BlueJoint Resources Inc. and Western Canada Greenfields Group Inc.
PRESS RELEASE
FOR IMMEDIATE RELEASE
Sable Resources Ltd. Announces Completion of Acquisitions of
BlueJoint Resources Inc. and Western Canada Greenfields Group Inc.
January 29, 2018 (Toronto, Ontario): Sable Resources Ltd. (“Sable” or the “Company”)
(TSXV: SAE) is pleased to announce that it has completed its previously announced
acquisitions (the “Acquisitions”) of BlueJoint Resources Inc. (“BlueJoint”) and Western
Canada Greenfields Group Inc. (“WCG”). Each of BlueJoint and WCG are private
companies engaged in mineral exploration activities. The Acquisitions remain subject to
the final approval of the TSX Venture Exchange (“TSXV”).
Each of the Acquisitions was structured in the form of a three-cornered amalgamation,
pursuant to which each of BlueJoint and WCG amalgamated with a wholly-owned
subsidiary of Sable, and all of the issued and outstanding common shares of BlueJoint
(“BlueJoint Shares”) and WCG (“WCG Shares”) were acquired by Sable from the
existing holders thereof in consideration of the issuance of approximately 0.648 of one
common share of Sable (each whole such common share, a “Sable Share”) for each
BlueJoint Share so held, and approximately 0.139 of one Sable Share for each WCG
Share so held, resulting in the issuance of 25,111,110 Sable Shares in the aggregate.
In connection with the closing of the Acquisitions, each of Dr. Ruben Padilla and Dr. Terry
Harbort have been appointed as geoscience consultants to Sable to assist in guiding a
financially and technically disciplined exploration strategy.
For further details of the Acquisitions, please refer to the press release of Sable dated
November 2, 2017, available on SEDAR at www.sedar.com.
For more information:
Tom Obradovich, President & Chief Executive Officer
Tel (416) 985-7140
Or visit http://www.sableresources.com
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the
meaning of applicable securities laws. The use of any of the words "expect", "anticipate",
"continue", "estimate", "may", "might", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify forward-looking information and/or
statements. Forward-looking statements and/or information are based on a number of
material factors, expectations and/or assumptions of Sable which have been used to
develop such statements and/or information but which may prove to be incorrect. Although
Sable believes that the expectations reflected in such forward-looking statements and/or
information are reasonable, undue reliance should not be placed on forward-looking
statements as Sable can give no assurance that such expectations will prove to be correct.
In addition to other factors and assumptions which may be identified herein, assumptions
have been made regarding, among other things, the receipt of final regulatory approvals
for the Acquisitions. The forward-looking information and statements included in this news
release are not guarantees of future performance and should not be unduly relied upon.
Such information and/or statements, including the assumptions made in respect thereof,
involve known and unknown risks, uncertainties and other factors that may cause actual
results and/or events to differ materially from those anticipated in such forward-looking
information and/or statements including, without limitation the uncertainty of obtaining all
applicable regulatory approvals, and/or certain other risks detailed from time-to-time in
Sable’s public disclosure documents. Furthermore, the forward-looking statements
contained in this news release are made as at the date of this news release and Sable
does not undertake any obligations to publicly update and/or revise any of the included
forward-looking statements, whether as a result of additional information, future events
and/or otherwise, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy and/or accuracy of this release.