Sabre Gold Completes Acquisition of Golden Predator
September 02 2021 - 5:30PM
Sabre Gold Mines Corp. (formerly Arizona Gold Corp.)
(“
Sabre Gold” or the “
Company”)
(
TSX: AZG, OTCQB: AGAUF) and Golden Predator
Mining Corp. (“
Golden Predator”) (
TSX.V:
GPY, OTCQX: NTGSF) are pleased to announce the successful
completion of the previously-announced business combination,
pursuant to which Sabre Gold has acquired all of the issued and
outstanding common shares of Golden Predator (the “
Golden
Shares”) by way of a statutory plan of arrangement under
the provisions of the Business Corporations Act (British Columbia)
(the “
Arrangement”).
With the Arrangement now complete, Sabre Gold
intends to cause the Golden Shares to be delisted from the TSX
Venture Exchange (expected on or about close of markets on
September 3, 2021), and Golden Predator intends to submit an
application to the applicable securities regulators to cease to be
a reporting issuer and to terminate its public reporting
obligations.
Further details regarding the Arrangement are
set out in the joint management information circular of Sabre Gold
and Golden Predator dated July 23, 2021 which is available on SEDAR
(www.sedar.com) under the respective issuer profiles of Sabre Gold
and Golden Predator.
Early Warning Reporting
By virtue of its acquisition of all the issued
and outstanding Golden Shares under the Arrangement, Sabre Gold is
required to file an early warning report pursuant to National
Instrument 62-103 – The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues. A copy of the Early Warning
Report will be filed on SEDAR (www.sedar.com) under Golden
Predators’ issuer profile.
About Sabre Gold Mines Corp.The
combined company represents a business combination of Sabre Gold
and Golden Predator a diversified, multi asset near-term gold
producer in North America which will hold 100 per cent ownership of
both the fully permitted Copperstone mine located in Arizona,
United States and the Brewery Creek mine located in Yukon, Canada
both of which are former gold producers. Management of the combined
company intends to restart production at Copperstone followed by
Brewery Creek in the near term.
The resource base of the combined company will
consist of approximately 1.1 million ounces gold in the measured
and indicated categories, plus an additional 1.5 million oz 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.
For further information please contact:
Sabre Gold Mines Corp.Giulio BonifacioPresident
& Chief Executive Officergtbonifacio@arizona-gold.com
Cautionary Statements
Certain information contained herein constitutes
forward-looking information or statements under applicable
securities legislation and rules. Such statements include, but are
not limited to, statements with respect to the resource base of the
combined company and timing of delisting of the Golden Predator
common shares and application to cease its reporting status.
Forward-looking statements are based on the opinions and estimates
of management as of the date such statements are made and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of Sabre Gold to be materially different from those
expressed or implied by such forward-looking statements. Although
management of Sabre Gold and Golden Predator have attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate. Accordingly,
readers should not place undue reliance on forward-looking
statements. The parties will not update any forward-looking
statements or forward-looking information that are incorporated by
reference herein, except as required by applicable securities laws.
The parties caution readers not to place undue reliance on these
forward-looking statements and it does not undertake any obligation
to revise and disseminate forward-looking statements to reflect
events or circumstances after the date hereof, or to reflect the
occurrence of or non-occurrence of any events.
This press release is not and is not to be
construed in any way as, an offer to buy or sell securities in the
United States. The distribution of the Sabre Gold common shares in
connection with the transactions described herein will not be
registered under the United States Securities Act of 1933 (the
“U.S. Securities Act”) and the Sabre Gold common shares may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy the Sabre Gold common shares, nor shall there be
any offer or sale of the Sabre Gold common shares in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Neither the TSX, the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX and TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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