TORONTO, Sep 08, 2021 (GLOBE NEWSWIRE) – Saber Gold Mines Corp. (formerly Arizona Gold Corp.) (“Gold Saber“or the”Society”) (TSX: SGLD, OTCQB: AGAUF) is pleased to announce that the common shares of the Company (“Ordinary actions“) will begin to be marketed under the name” Saber Gold Mines Corp. “on the Toronto Stock Exchange with the new ticker symbol” SGLD “when trading begins on September 8, 2021.
The Company changed its name to better reflect its ongoing operations following the successful completion of the previously announced business combination, under which Saber Gold acquired all of the issued and outstanding common shares of Golden Predator Mining Corp. by means of a statutory plan. arrangement under the provisions of the Business Corporations Act (British Columbia) (the “Arrangement“).
Saber Gold Highlights:
A short-term diversified gold producer in North America with the fully licensed Copperstone mine in Arizona and the Brewery Creek mine in the Yukon
A solid multi-million ounce gold resource base with high impact exploration targets on both projects
Project financing partnership with Star Royalties (TSXV: STRR) for the restart of the Copperstone mine, aiming to start production in 2022
Preliminary economic assessment scheduled for Brewery Creek mine scheduled for fourth quarter 2021
A platform from which to seek other accretive opportunities to complement our development and production pipeline
Mr. Giulio T., Bonifacio, President and CEO of Saber Gold said, “We are very pleased to have completed this transaction and look forward to moving the Copperstone and Brewery Creek projects forward. The acquisition of Golden Predator represents an opportunity to bring together old, late-stage gold mines in excellent jurisdictions, and to benefit from a shared technical team and corporate infrastructure. We believe the combined company will position us favorably to move the Copperstone project to production in the very short term and allow us to continue to move the Brewery Creek project forward with the help of the Golden Predator technical team.
Mr. Bonifacio continued, “We would also like to thank our shareholders as well as the board of directors, management and shareholders of Golden Predator for their dedication and support. In particular, we are pleased to welcome William Sheriff, Stefan Spears and Anthony Lesiak to the Saber Gold Board of Directors. Finally, we would like to thank our outgoing board members, Peter Damouni, Ayman Arekat and James McVicar for their support and guidance.
The Company plans to start trading on the OTCQB under its new name and ticker symbol by mid-September 2021, until the Company continues to trade under its current OTCQB symbol, AGAUF. A new website for the Company following the Arrangement will also launch on September 8, 2021 and can be found at the following URL: www.sabre.gold
About Saber Gold Mines Corp.
Saber Gold is a diversified, multi-asset, short-term gold producer in North America that owns 100 percent of the fully licensed Copperstone mine located in Arizona, United States and the Brewery Creek mine located in the Yukon, in Canada, both of which are former gold producers. Management intends to restart production at Copperstone and then at Brewery Creek in the short term. Saber Gold also holds other investments and projects in various stages of development.
Saber Gold has approximately 1.1 million ounces of gold in the measured and indicated categories, and approximately 1.5 million ounces of gold in the inferred category. In addition, Copperstone and Brewery Creek have considerable exploration potential with a combined land package of over 230 square kilometers that will be the subject of additional drilling with high priority targets currently identified.
Saber Gold is led by an experienced team of mining professionals with a background in exploration, mine construction and operations.
For more information, please contact:
Saber Gold Mines Corp.
President and CEO
Certain information contained herein constitutes forward-looking information or statements under applicable securities laws and rules. These statements include, but are not limited to, statements regarding the combined company’s resource base, future plans, results and timing regarding the restart of the Company’s mining projects and the expected 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 could cause actual results, level of Saber’s activity, performance or achievement. Gold should be materially different from those expressed or implied by such forward-looking statements. Although the management of Saber Gold has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking statements, other factors may cause results not to be as anticipated. , estimated or planned. There can be no assurance that these statements will prove to be correct. Therefore, 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 does not undertake any obligation to revise and disseminate forward-looking statements to reflect events or circumstances subsequent to the date hereof, or to reflect the occurrence or non-occurrence of any event.
This press release is not and should not be construed as an offer to buy or sell any securities in the United States. The distribution of the common shares of Saber Gold in connection with the transactions described in this document will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) and the common shares of Saber Gold may not be offered. or sold in the United States. States without registration or applicable exemption from the registration requirements of the US Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the common shares of Saber Gold, and there will be no offer or sale of the common shares of Saber Gold in any jurisdiction in which a such offer, solicitation or sale is illegal.
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.