representative work

Sable Completes $9.9 Million Private Placement

09/10/2020

On September 10, 2020, Sable Resources Ltd. closed an upsized best efforts private placement of 65,914,707 units at a price of $0.15 per unit for total gross proceeds of approximately $9.9 million, which includes the near-full exercise of the agents’ over-allotment option.

Each unit is comprised of one common share and one-half of one common share purchase warrant of Sable. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $0.20 until September 10, 2023.

Cassels acted for Sable with a deal team that included Jay Goldman, Lindsay Clements, Jasmine Qin and Florence Lau (Securities and Mining).