Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (106726)	5/8/2021 5:15:17 AM
From: Goose94	Respond to of 202767

Sable Resources (SAE-V) closed at it's 52 week high 39 cents

To: Goose94 who wrote (106726)	5/26/2021 8:33:45 AM
From: Goose94	Read Replies (1) \| Respond to of 202767

Sable Resources (SAE-V) Announces Cdn$10 Million Bought Deal PP May 26, '21 - NR Sable Resources is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP and Eight Capital, as co-lead underwriters (the “Co-Lead Underwriters”) and PI Financial Corp. (referred to collectively as the “Underwriters”) in connection with a bought deal private placement financing of 33,333,333 common shares of the Corporation (“Common Shares”) at a price of $0.30 per Common Share (the “Issue Price”) for aggregate gross proceeds of approximately C$10 million (the “Offering”). The Company has granted the Underwriters an option to sell up to an additional 25% of the Offering, exercisable in whole or in part at any time up to two business days prior to the closing date. The proceeds from the sale of Common Shares will be used by the Company for exploration and general corporate and working capital purposes. The Offering is expected to close on or about June 15, 2021, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The securities issued under the Offering will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. In consideration for their services, the Company has agreed to pay the Underwriters a cash commission equal to 6.0% of the gross proceeds from the Offering and issue to the Underwriters non-transferable warrants (“Compensation Warrants”) equal to 3.0% of the aggregate number of Common Shares issued under the Offering. The Compensation Warrants will be exercisable into Common Shares at a price per Compensation Warrant equal to the Issue Price for a period of 24 months from the closing of the Offering. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. 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. Sable's main focus is developing its large portfolio of new greenfields projects to resource level. Sable is actively exploring the San Juan Regional Program (128,992 ha) incorporating the Don Julio, El Fierro, La Poncha, and los Pumas Projects in San Juan Province, Argentina; and the Mexico Regional Program (1.16Mha in application, 39,000ha titled) incorporating the Vinata and El Escarpe projects. For further information, please contact: Ruben Padilla, President & CEO at ruben.padilla@sableresources.com or +1 (520) 488-2520 Related link: sableresources.com