On June 15, 2021, Sable Resources Ltd closed the transaction. The company issued 41,666,600 common shares for gross proceeds of CAD 12,500,000 in the transaction. The company paid the underwriters a cash commission of CAD 750,000 in the transaction. The transaction remains subject to final approval of the TSX Venture Exchange. The company received $1,023,984 (CAD 1,248,000) from single investor pursuant to exemption provided under Regulation D. The TSX Venture Exchange has accepted for filing documentation with respect to offering. The transaction included participation from 13 placees. The company paid brokers fee to Sprott Capital Partners LP, Eight Capital and PI Financial Corp of aggregate fees of CAD 749,988.80 in cash and 1,249,998 compensation warrants.