Sable Closes $9.9 Million Private Placement

Sable Closes $9.9 Million Private Placement

VANCOUVER, BCSept. 10, 2020 /CNW/ – Sable Resources Ltd. (“Sable” or the “Company“) (TSXV:SAE) (OTCQB:SBLRF) is pleased to announce that it has closed its previously announced and upsized “best efforts” private placement for total gross proceeds of approximately $9.9 million (the “Offering“). The Offering was conducted by a syndicate of agents led by Sprott Capital Partners and included Haywood Securities Inc. (collectively, the “Agents“). In connection with the Offering, the Company has issued an aggregate of 65,914,707 units of the Company (the “Units“) at a price of $0.15 per Unit (the “Offering Price“), which included close to full exercise of the over-allotment option by the Agents.

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