Sabre Gold Mines Corp. is pleased to announce that subject to the terms of the Option to Purchase Agreement of the Marg VMS project located in Central Yukon with
Azarga Metals Corp. , Azarga has issued to Sabre Gold 670,000 shares. Prior to completion of the share issuance, Sabre Gold owned 3,388,664 common shares of Azarga, representing approximately 9.32% of the issued and outstanding shares on a non-diluted basis. Pursuant to the Option Agreement, Azarga issued 670,000 shares to Sabre Gold at a deemed price of C$0.05 per share, for an aggregate deemed consideration of C$33,500. Subsequently, Sabre Gold now owns 4,058,664 common shares of Azarga, representing approximately 10.04% of the issued and outstanding shares on a non-diluted basis. If Azarga does not co...