Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant shall entitle the holder to acquire an additional common share at a price of
The Units will be offered by way of the 'listed issuer' exemption under National Instrument 45-106 - Prospectus Exemptions in all the provinces of
The proceeds from the sale of the Units will be used for advancing the engineering at the
The closing of the Offering may occur in one or more tranches with the final tranche expected to occur on or before
Certain insiders of the Company may acquire Units in the Offering equal to approximately
An offering document related to the Offering will be filed and accessible under the Company's profile at www.sedar.com and at the Company's website at www.sabre.gold. Prospective investors should read this offering document before making an investment decision.
The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
About
Sabre Gold is a diversified, multi-asset near-term gold producer in
Sabre Gold's two advanced projects have approximately 1.5 million ounces of gold in the Measured and Indicated categories, and approximately 1.2 million ounces of gold in the Inferred category. Additionally, both Copperstone and Brewery Creek have considerable exploration upside with a combined land package of over 230 square kilometers that will be further drill tested with high-priority targets currently identified. Sabre Gold is led by an experienced team of mining professionals with backgrounds in exploration, mine building and operations.
Contact:
CEO and President
T: 416-904-2725
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking information under Canadian securities legislation including statements concerning the Company's expectations with respect to the Offering; the use of proceeds of the Offering; insider participation in the Offering; completion of the Offering and the date of such completion. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to: regulatory approval for the Offering; completion of the Offering; the strength of the Canadian economy; the price of gold; operational, funding, and liquidity risks; reliance on third parties, exploration risk, failure to upgrade resources, the degree to which mineral resource and reserve estimates are reflective of actual mineral resources and reserves; the degree to which factors which would make a mineral deposit commercially viable are present, and the risks and hazards associated with underground operations and other risks involved in the mineral exploration and development industry. Risks and uncertainties about Sabre Gold's business are more fully discussed in the Company's disclosure materials, including its annual information form and MD&A, filed with the securities regulatory authorities in
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