Sable Closes C$1.75 Million Private Placement with Moxico Resources

Core Viewpoint - Sable Resources Ltd. has successfully closed a non-brokered private placement with Moxico Resources plc, raising gross proceeds of C$1,749,000 through the issuance of 31,800,000 common shares at a price of C$0.055 per share [1][2][3] Group 1: Private Placement Details - Moxico now owns 31,800,000 shares, representing approximately 9.9% of Sable's issued and outstanding shares [2] - The proceeds from the private placement will be allocated for exploration, general corporate, and working capital purposes [3] - The shares issued are subject to a four-month hold period and require final approval from the TSX Venture Exchange, which has conditionally approved the listing of these shares [3] Group 2: Company Background - Sable Resources Ltd. is a junior grassroots explorer focused on discovering Tier-One precious metal and copper projects in established mining jurisdictions [6] - The company is actively exploring several projects in Argentina and British Columbia, including the San Juan Regional Program and various properties [6] Group 3: Relationship with Moxico - Moxico has been granted customary participation and anti-dilution rights, allowing it to maintain its equity interest in Sable as long as it meets a minimum ownership threshold [2] - Moxico has an exclusive option to acquire 51% of Sable's El Fierro Project and Cerro-Negro Property, subject to specific exploration and expenditure terms [4]