SABLE ANNOUNCES BOUGHT DEAL FINANCING AND RESULTS OF EARLY WARRANT EXERCISE INCENTIVE PROGRAM, RAISING AGGREGATE GROSS PROCEEDS OF $4.1 MILLION

SableResources_21092018_nr

Toronto, Ontario (September 21, 2018) – Sable Resources Ltd. (TSXV:SAE) (“Sable” or the “Company”) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) as sole underwriter, pursuant to which Haywood has agreed to purchase, on a “bought deal” private placement basis, 8,000,000 units of the Company (“Units”) at a price of $0.25 per Unit (the “Issue Price”) for total gross proceeds of $2,000,000 (the “Offering”). Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-half of one common share
purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price per Warrant Share of $0.35 for a period of 24 months from the closing of the Offering.

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