Sable Announces C$10 Million Bought Deal Private Placement

VANCOUVER, May 26, 2021 /CNW/ – Sable Resources Ltd. (“Sable” or the “Company”) (TSXV: SAE) is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP and Eight Capital, as co-lead underwriters (the “Co-Lead Underwriters”) and PI Financial Corp. (referred to collectively as the “Underwriters”) in connection with a bought deal private placement financing of 33,333,333 common shares of the Corporation (“Common Shares”) at a price of $0.30 per Common Share (the “Issue Price”) for aggregate gross proceeds of approximately C$10 million (the “Offering”).

Leave a Reply