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Multiple insiders buying at Sable Resources (V:SAE)

Updated Tuesday May 21, 2019 03:42 AM EDT

Thomas John Obradovich, CEO and Director, acquired 700,000 Common Shares on a direct ownership basis at a price of $0.150 through a prospectus or prospectus exempt offering on May 14th, 2019. The insider also acquired 350,000 Warrants on a direct ownership basis with an exercise price of $0.250 for two years. This represents a $105,000 investment into the company's shares and an account share holdings change of 24.2%.

In addition, Ruben Padilla, a Senior Officer, acquired 340,000 Common Shares and 170,000 Warrants on a direct ownership basis. This represents a $51,000 investment into the company's shares and an account share holdings change of 9.3%. Brent Lindsay Gilchrist, a Director, acquired 300,000 Common Shares on a direct ownership basis and 700,000 Common Shares on a control or direction basis for registered holder Jeffco Holding Inc. The insider also acquired 150,000 Warrants on a direct ownership basis and 350,000 Warrants on a control or direction basis for registered holder Jeffco Holding Inc. This represents a $150,000 investment into the company's shares and an account share holdings change of greater than 100%.

Donald Robert Njegovan, a Director, acquired 100,000 Common Shares and 50,000 Warrants on a direct ownership basis. This represents a $15,000 investment into the company's shares and an account share holdings change of 50.0%. Andrew Thomas Malashewsky, CFO, also acquired 100,000 Common Shares and 50,000 Warrants on a direct ownership basis. This represents an account share holdings change of greater than 100%.

Sable Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Sable Resources Ltd. is a Canada-based natural resource company. The Company is primarily engaged in the acquisition, exploration and development of gold mineral resource properties in the Toodoggone region in the Province of British Columbia, Canada. The Company owns a mine and mineral, milling equipment in northern British Columbia, Canada. The Company's mineral property interests consist of numerous claims, including Shasta Mine and Chappelle Claims. The Shasta Property is a multiphase quartz-carbonate stockwork/breccia vein mineralization containing gold and silver. The Chappelle Property mineralization consists of pyrite, gold, polybasite, electrum, argentite, sphalerite, chalcopyrite, bornite, covellite, chalcocite, galena, stromeyrite and tetrahedrite with quartz-carbonate veins. The Company has approximately 2.5% net smelter return interest in over 10 mineral claims owned by China Minerals Mining Corporation.

INK Edge Outlook

CONDITIONS:
Latest
6 months ago
1 year ago
Overall
N/A
Mixed
Sunny
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View outlooks on all Canadian listed stocks at inkresearch.com.
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Go to Sable Resources Ltd. (SAE)'s company page

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