Sabre Gold Mines Corp. announced a non-brokered private placement of 8,823,529 units at a price of CAD 0.17 per unit for gross proceeds of minimum of CAD 680,000 and up to maximum of CAD 1,500,000 on December 13, 2022. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each warrant shall entitle the holder to acquire an additional common share at a price of CAD 0.30 for a period of 24 months following the closing of the offering. The company is expected to close the transaction on or before January 27, 2023. The transaction is subject to receipt of all necessary regulatory approvals, including the approval of the TSX.

Certain insiders of the Company may acquire units in the Offering equal to approximately CAD 450,000.