19 December 2017
Sabina Gold & Silver Corp is pleased to announce that Zhaojin International Mining Co., Ltd. has agreed to purchase 24,930,000 common shares of the company at a price of $2.65 per share for a total investment of approximately $66,100,000 in a private placement. Upon completion of the financing, Zhaojin International will own approximately 9.9% of the company’s issued and outstanding common shares on a non-diluted basis. Zhaojin International is a subsidiary of Zhaojin Mining Industry Co. Ltd., which is a leading Chinese gold producer and one of China’s largest gold smelting companies.