TORONTO, Sept. 08, 2021 (GLOBE NEWSWIRE) -- 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 Bonifacio
President & Chief Executive Officer
gtbonifacio@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.
