This thing is gonna blow!Sable Resources arranges $1-million private placement
2009-02-09 13:53 ET - News Release
Mr. Melvyn Rahal reports
PRIVATE PLACEMENT
Sable Resources Ltd. has arranged a private placement for a total of $1-million through the issuance of units at a price of 15 cents per unit. Each unit will consist of one common share and one-half of one non-transferable share purchase warrant, exercisable for a period of one year, at a price of 25 cents, for each whole warrant. Proceeds of this financing will be used for recommencing mining and milling operations at the Shasta mine, and for general working capital. There will be a finder's fee on portions of the proceeds to registered parties, in the amount of 8-per-cent cash and 10-per-cent broker's warrants.
Finally! now we can get some things done.