Sabre Gold Announces Update on Closing of the Transaction with Minera Alamos

Core Viewpoint - Sabre Gold Mines Corp. is set to finalize its arrangement with Minera Alamos Inc., where Minera Alamos will acquire all outstanding shares of Sabre Gold at an exchange rate of 0.693 common shares for each Sabre share [1][2]. Group 1: Arrangement Details - The Plan of Arrangement was expected to be effective around January 27, 2025, pending a Final Order from the Ontario Superior Court of Justice and other customary closing conditions [2]. - Sabre has obtained the necessary Final Order, and the closing is now anticipated to occur on or about February 5, 2025, with a one-week delay due to documentation requirements [2]. - Following the completion of the Arrangement, Sabre Shares are expected to be delisted from the Toronto Stock Exchange within two to three business days [2]. Group 2: Company Overview - Sabre Gold is a near-term gold producer in North America, owning 100% of the Copperstone gold mine in Arizona, which is fully licensed and permitted [4]. - The Copperstone mine contains approximately 300,000 ounces of gold in the Measured and Indicated categories and about 197,000 ounces in the Inferred category, with significant existing operational infrastructure and exploration potential [5]. - The management team at Sabre Gold comprises experienced mining professionals with expertise in exploration, mine building, and operations [5].