Sabre Gold Announces Effective Date for Name Change on TSX
08 September 2021 - 9:00PM
Sabre Gold Mines Corp. (formerly Arizona Gold Corp.)
(“
Sabre Gold” or the “
Company”)
(
TSX: SGLD, OTCQB: AGAUF) is pleased to announce
that the common shares of the Company (“
Common
Shares”) will commence trading under the name “Sabre Gold
Mines Corp.” on the Toronto Stock Exchange with the new trading
symbol “SGLD” at the opening of trading on September 8, 2021.
The Company has changed its name to better
reflect its ongoing operations after the successful completion of
the previously-announced business combination, pursuant to which
Sabre Gold acquired all of the issued and outstanding common shares
of Golden Predator Mining Corp. by way of a statutory plan of
arrangement under the provisions of the Business Corporations Act
(British Columbia) (the “Arrangement”).
Sabre Gold Highlights:
- A diversified
near-term gold producer in North America with the fully permitted
Copperstone mine in Arizona and the Brewery Creek mine in the
Yukon
- A robust
multi-million ounce gold resource base with high impact exploration
targets at both projects
- Project finance
partnership with Star Royalties (TSXV: STRR) for the restart of the
Copperstone mine, targeting production commencement in 2022
- Anticipated
preliminary economic assessment at Brewery Creek mine expected in
Q4 2021
- A platform from
which to seek out other accretive opportunities to complement our
development and production pipeline
Mr. Giulio T., Bonifacio, President and CEO of
Sabre Gold stated: “We are very pleased to have closed this
transaction and look forward to advancing the Copperstone and
Brewery Creek Projects. The acquisition of Golden Predator
represents an opportunity to bring together advanced-stage former
producing gold mines in excellent jurisdictions, and to take
advantage of a shared technical team and corporate infrastructure.
We believe the combined company will favourably position us to
advance the Copperstone Project to production in the very near term
and allow us continue to advance the Brewery Creek Project with the
assistance of Golden Predator’s technical team.”
Mr. Bonifacio continued, “We would also like to
thank our shareholders and Golden Predator’s board, management and
shareholders for their dedication and support. In particular, we
are pleased to welcome William Sheriff, Stefan Spears and Anthony
Lesiak to the board of Sabre Gold. Lastly, we would like to thank
our departing board members, Peter Damouni, Ayman Arekat and James
McVicar for their support and guidance.”
The Company expects to begin trading on the
OTCQB under its new name and ticker symbol by the middle of
September 2021, until such time the Company will continue to trade
under its current OTCQB symbol, AGAUF. A new website for the
Company on a post-Arrangement basis will also be launched on
September 8, 2021 and can be found at the following URL address:
www.sabre.gold
About Sabre Gold Mines Corp.
Sabre Gold is a diversified, multi asset
near-term gold producer in North America which holds 100 per cent
ownership of both the fully permitted Copperstone mine located in
Arizona, United States and the Brewery Creek mine located in Yukon,
Canada, both of which are former gold producers. Management intends
to restart production at Copperstone followed by Brewery Creek in
the near term. Sabre Gold also holds other investments and projects
at varying stages of development.
Sabre Gold has approximately 1.1 million ounces
gold in the measured and indicated categories,
and approximately 1.5 million oz gold in the inferred
category. Additionally, both Copperstone and Brewery Creek have
considerable exploration upside with a combined land package of
over 230 square kilometers that will be further drill tested with
high priority targets currently identified.
Sabre Gold is led by an experienced team of
mining professionals with backgrounds in exploration, mine-building
and operations.
For further information please contact:
Sabre Gold Mines Corp.Giulio BonifacioPresident
& Chief Executive Officergtbonifacio@sabre.gold
Cautionary Statements
Certain information contained herein constitutes
forward-looking information or statements under applicable
securities legislation and rules. Such statements include, but are
not limited to, statements with respect to the resource base of the
combined company, future plans, outcomes and timing with respect to
the restart of the Company’s mining projects and anticipated date
of the OTCQB symbol change. Forward-looking statements are based on
the opinions and estimates of management as of the date such
statements are made and are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Sabre Gold to be
materially different from those expressed or implied by such
forward-looking statements. Although management of Sabre Gold have
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company will not update any
forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable
securities laws. The Company cautions readers not to place undue
reliance on these forward-looking statements and it does not
undertake any obligation to revise and disseminate forward-looking
statements to reflect events or circumstances after the date
hereof, or to reflect the occurrence of or non-occurrence of any
events.
This press release is not and is not to be
construed in any way as, an offer to buy or sell securities in the
United States. The distribution of the Sabre Gold common shares in
connection with the transactions described herein will not be
registered under the United States Securities Act of 1933 (the
“U.S. Securities Act”) and the Sabre Gold common shares may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act and applicable state securities laws. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy the Sabre Gold common shares, nor shall there be
any offer or sale of the Sabre Gold common shares in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Neither the TSX nor its Regulation Services
Provider (as that term is defined in the policies of the TSX)
accepts responsibility for the adequacy or accuracy of this
release.
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