SABRE GOLD ANNOUNCES FILING OF AMENDED OFFERING DOCUMENT
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF)
(“Sabre Gold” or the “Company”)
announces today that it has filed an amended offering document
dated January 23, 2023 (the “Amended Offering
Document”) in connection with its previously announced
private placement offering under the “listed issuer financing
exemption” on December 13, 2022.
On December 13, 2022, the Company announced a
non-brokered private placement of units (the
“Units”) for aggregate gross proceeds of a minimum
of $680,000 and up to maximum of $1.5 million at a price of C$0.17
per Unit by way of the “listed issuer financing exemption” (the
“Offering”) under National Instrument 45-106 –
Prospectus Exemptions in all the provinces of Canada with the
exception of Quebec. The Company has filed the Amended Offering
Document to disclose that a portion of the Offering will now be
made available to certain persons purchasing Units under available
prospectus exemptions other than the listed issuer financing
exemption, in addition to persons purchasing Units under the listed
issuer financing exemption, as previously announced.
The terms of the Units, minimum and maximum
amounts to be raised under the Offering and closing date for the
final tranche of the Offering, being January 27, 2023, remain
unchanged. The Offering remains subject to the approval of the
Toronto Stock Exchange.
The Amended Offering Document related to the
Offering is accessible under the Company’s profile at www.sedar.com
and at the Company’s website at www.sabre.gold. Prospective
investors should read the Amended Offering Document before making
an investment decision.
The securities described herein have not been,
and will not be, registered under the United States Securities Act,
or any state securities laws, and accordingly, may not be offered
or sold within the United States except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities requirements or pursuant to exemptions therefrom.
This press release does not constitute an offer to sell or a
solicitation to buy any securities in any jurisdiction.
About Sabre Gold Mines
Sabre Gold is a diversified, multi-asset
near-term gold producer in North America which holds 100-per-cent
ownership of both the fully licensed and permitted Copperstone gold
mine located in Arizona, United States, and the Brewery Creek gold
mine located in Yukon, Canada, both of which are former producers.
Management intends to restart production at Copperstone followed by
Brewery Creek in the near term. Sabre Gold also holds other
investments and projects at varying stages of development.
Sabre Gold’s two advanced projects have
approximately 1.5 million ounces of gold in the Measured and
Indicated categories, and approximately 1.2 million ounces of gold
in the Inferred category. Additionally, both Copperstone and
Brewery Creek have considerable exploration upside with a combined
land package of over 230 square kilometers that will be further
drill tested with high-priority targets currently identified. Sabre
Gold is led by an experienced team of mining professionals with
backgrounds in exploration, mine building and operations.
For further information please visit the Sabre
Gold Mines Corp. website: (www.sabre.gold).
Andrew ElineskyCEO and President416-904-2725
Cautionary Note Regarding Forward Looking
This news release contains forward-looking
information under Canadian securities legislation including
statements concerning the Company’s expectations with respect to
the Offering; completion of the Offering and the date of such
completion. These forward-looking statements entail various risks
and uncertainties that could cause actual results to differ
materially from those reflected in these forward-looking
statements. Such statements are based on current expectations, are
subject to a number of uncertainties and risks, and actual results
may differ materially from those contained in such statements.
These uncertainties and risks include, but are not limited to:
regulatory approval for the Offering; completion of the Offering;
the strength of the Canadian economy; the price of gold;
operational, funding, and liquidity risks; reliance on third
parties, exploration risk, failure to upgrade resources, the degree
to which mineral resource and reserve estimates are
reflective of actual mineral resources and reserves; the degree to
which factors which would make a mineral deposit commercially
viable are present, and the risks and hazards associated with
underground operations and other risks involved in the mineral
exploration and development industry. Risks and uncertainties about
Sabre Gold’s business are more fully discussed in the Company’s
disclosure materials, including its annual information form and
MD&A, filed with the securities regulatory authorities in
Canada and available at www.sedar.com and readers are urged to read
these materials. Sabre Gold assumes no obligation to update any
forward-looking statement or to update the reasons why actual
results could differ from such statements unless required by
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