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Sable Resources Closes $4.25 Million Private Placement

Published: 09/08/2017

Team: Jay Goldman, Jennifer L. Poirier

On September 8, 2017, Sable Resources Ltd. closed a private placement to raise gross proceeds of $4,105,575. The offering was led by Haywood Securities Inc. and included the exercise, in part, of Haywood's option. Concurrently with closing of the brokered offering, Sable also closed a non-brokered offering to raise gross proceeds of an additional $150,000, for combined aggregate gross proceeds of $4,255,575. Pursuant to the offering, Sable issued a total of 28,370,500 units at a price of $0.15 per unit. The offering was upsized from $3 million on August 30, 2017 due to strong demand.

Cassels Brock acted for Sable with a deal team that included Jay Goldman and Jennifer Poirier (Business).