Sabina Gold & Silver announces financial results for the quarter ended September 30, 2017

13 November 2017

Sabina Gold & Silver Corp. reports the financial results for the quarter ended September 30, 2017.

Q3 2017 Highlights:

The Company had cash and cash equivalents and short-term investments of $38.5 million at September 30, 2017.
On July 18, 2017, the NIRB recommended to the Minister of INAC that development of the Company’s Back River gold project should proceed to the licensing phase.
On September 12, 2017 the Company completed a non-brokered private placement flow-through financing of 2,163,265 common flow-through shares at a price of $2.85 per share for gross proceeds of approximately $6.2 million. The total gross proceeds from the financing must be used to incur Canadian exploration expenditures as defined by the Income Tax Act (Canada) by December 31, 2018.