Sabre Gold wishes to list on the NYSE American πΊπΈπ²πΊπΈ"...
Purpose of the Consolidation The Board believes that it is in the best interests of the Company and the Shareholders to complete the Consolidation in view of the recent acquistion of Golden Predator Mining Corp. and current shares issued and outstanding of 632,916,250 Common Shares. The Consolidation is also expected to create additional investor interest from the United States, Canada and other jurisdictions, improve trading liquidity and investorconfidence,and potentiallyresultinlessvolatilityinthe price ofthe CommonShares.Ahigherpost- Consolidation Common Share price could also help generate interest in the Company among certain investors. In particular, a higher anticipated Common Share price may meet investing criteria for certain institutional investors and investment funds that may be prevented under their investing guidelines from otherwise investing in the Common Shares at current prices.
Additionally, the share consolidation will better enable the Company to meet the minimum share price requirements to list on the NYSE American in the near term. Several North American focused precious metal production and development companies are listed on the NYSE American, and the Company believes that such U.S.-listed companies generally have better access to U.S. institutional and retail investors and have better overall trading liquidity compared to the Company today. The Company also believes that any potentiallisting ofthe Common Shares on the NYSEAmerican would increase the visibilityofthe Company’s strategic position within the U.S. relative to other publicly traded precious metal companies.
The Company believes that the consolidation ratio range for the Consolidation will allow the Company to seek a listing on the NYSE American in 2022 as the Company attracts greater visibily with both Canadian and US insitutional shareholders. https://www.sedar.com/
https://www.sabre.gold/