Sable Private Placement Over-Subscribed and Upsized to C$9 Million

Sable_17082020

VANCOUVER, BCAug. 17, 2020 /CNW/ – Sable Resources Ltd. (“Sable” or the “Company”) (TSXV: SAE) is pleased to announce that further to its press release of August 13, 2020, that due to significant interest in the private placement that the Company has agreed with Sprott Capital Partners LP as lead agent on behalf of a syndicate of one or more additional agents (referred to collectively as the “Agents”) to increase the size of the “best efforts” private placement financing up to 60,000,000 units of the Corporation (“Units”) at a price of C$0.15 per Unit (the “Unit Price”) for aggregate gross proceeds of up to C$9 million (the “Upsized Offering”).  Each Unit will consist of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”).  Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$0.20 for a period of 36 months from the date of issuance thereof.   All other terms of the offering remain the same.

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