Pursuant to shareholder approval received on
The Consolidation will reduce the number of Common Shares issued and outstanding from 632,916,250 Common Shares to approximately 63,291,625 Common Shares. Following the Consolidation, the new CUSIP number for the Common Shares will be 78573W201 and the new ISIN for the Common Shares will be CA78573W2013.
No fractional Common Shares will be issued as a result of the Consolidation. Any fractional interest in Common Shares will be rounded down to the next whole Common Share. In all other respects, the post-consolidation Common Shares will have the same attributes as the pre-consolidation Common Shares. Proportionate adjustments will be made to the Company's outstanding stock options, warrants, restricted share units, deferred share units and convertible notes.
The Company’s transfer agent,
Beneficial shareholders who hold their Common Shares through intermediaries (securities brokers, dealers, banks, financial institutions, etc.) and who have questions regarding how the Consolidation will be processed should contact their intermediaries.
About
Sabre Gold is a diversified, multi-asset near-term gold producer in
Sabre Gold’s two advanced projects have approximately 1.5 million ounces gold in the Measured and Indicated categories, and approximately 1.2 million ounces gold in the Inferred category. Additionally, both Copperstone and
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Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking information under Canadian securities legislation including statements regarding drill results, potential mineralization, potential expansion and upgrade of mineral resources and current expectations on future exploration and development plans. 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: 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
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